Assume that on July $1,2027,$ Cullumber Co$.$ redeems half of the bonds at a cost of $$1,122,300$ plus accrued interest. Prepare the

journal entry to record this redemption. $($Round present value factor to $5$ decimal places, e$.$g$.1\mathrm{.}24356$ and final answers to

$0$ decimal places, e$.$g$.38,548.$ If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts.

Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit

entries before credit entries.$)$