Batra Company sold $1,500,000 of five-year, 12% bonds on 1 August 20X2. Additional information on the bond issue is as follows: Bond date 1 February 20X2 Maturity date 31 January 20X7 Yield rate 10% Interest payment dates 31 July and 31 January Bond discount/premium amortization Effective-interest method Proceeds on issuance $1,606,617 Required: Record the bond issuance on 1 August 20X2. Prepare the adjusting journal entry on 31 December 20X2. Give the entry to record the interest payment on 31 January 20X3. On 31 July 20X5, after interest is paid, Batra purchases and retires 40% of the bond issue at 98. Record the bond retirement. What item(s) will appear on the statement of cash flow with respect to the retirement? Indicate the amount and the section. How will the remaining bond appear on the statement of financial position directly after the retirement? Assume that bonds of similar risk and maturity are yielding 14%. What fair value disclosure will the company make? If the market interest rate for low-risk investments was 8% on 31 July immediately after the retirement in requirement 5, how much money would have to be invested in securities to defease the remaining bond