At 31 December 20x8, Northern Resources Ltd. reports the following on its statement of financial position Bonds payable, 4. Interest payable venir annually on 30 June and 30 December $8,000,000 Discount on bands payable 40.000 17,600,000 The effective interest rate, or market interest rate was 6% on issuance. On 1 March 20X9, 30% of the bond issue was bought back in the open market and retired at 101 plus accrued interest. The following table relates to 20x9 numbers have been roundech: Amortization Scheduleffective Interest Methodil Balance Interest Interest Unamortized Carrying Amount Period Cash Interest Amortization Premium of Bonds reporting date(above) $100,000 $7,500,000 1 5160,000 $220,000 $60,000 132,000 7,668,000 160,000 230.040 70,040 261,960 7.738,040 Required: Provide the entries to record: 1. Interest paid to the date of retirement on the 30% of bond retired. (If no entry is required for a transaction/event, select "No Journal entry required" in the first account field. Round your answers to the nearest whole dollar amount.) Transaction Answer is not complete. General Journal No joumal entry required Debit No 1 Credit 1 2. Bond retirement. (if no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your answers to the nearest whole dollar amount.) Answer is not complete. Na Transaction Credit 1 General Journal Bonds payable Interest expenso Loss on bond retirement Discount on bonds payable Cash Debit 2.400.000 10,000 144 000 120,000 X 2.440.000 2. Interest on 30 June 2009 for the portion of the bonds outstanding of no entry is required for a transaction event, select "No Journal entry required in the first account field Rount your answers to the nearest whole dollar amount Answer is not complete Transit De Credit 12 000 1 Deput 112.000 Oo