April $1,2025$Novak Company sold $22,500$ of its $11\%,15-$year$$1,000$ face value bonds at $97.$ Interest payment dates are April $1$ and October $1,$ and the company uses the straight$-$line method of bond discount amortizationOn March $1,2026,$ Novak took advantage of favorable prices of its stock to extinguish $5,400$ of the bonds by issuing $178,200$ shares of its $$10$ par value common stockAt this time, the accrued interest was paid in cash. The company's stock was selling for $$32$ per share on March $12026$ Prepare the journal entries needed on the books of Novak Company to record the following$($Do not round intermediate calculationsIf no entry is required, select No Entry" for the account titles and enter for the amountsCredit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.$)($ a$)$ April $12025$: issuance of the bonds $($ b$)$October $1,2025$: payment of semiannual interest $()$ December $31,2025$: accrual interest expense. d$)$ March $1,2026$: extinguishment of $5,400$ bonds. $($No reversing entries made$)$