At 31 December 2021, Golden Music Company has the following account balances before recording any adjusting entries: Debit Credit Cash $89,670 Accounts Receivable $21,100 Equipment $100,000 Allowance for doubtful accounts $700 Accumulated Depreciation- Equipment $20,000 Bond payable $50,000 Premium on bond payable $641,60 b) Golden Music Company has purchased one equipment for $100,000 on 1 July 2020. The equipment has a useful life of 5 years with residual value of $5,000 and has been depreciated using double declining balance. The equipment was sold on 31 December 2021 for $40,000. No depreciation has been recorded in 2021. Prepare all necessary journal entries related to the equipment in 2021. (6 marks) c) Golden Music Company has issued a 5-year 10% bond with par value $50,000 for $50,802 in 1 July 2020. The bond requires semiannual interest payment on 1 July and 1 January each year. Prepare any required adjusting entry related to the bond on 31 December 2021