Carla Co. is building a new hockey arena at a cost of $2,430,000. It received a downpayment of $490,000 from local businesses to support the project, and now needs to borrow $1,940,000 to complete the project. It therefore decides to issue $1,940,000 of 11%, 10-year bonds. These bonds were issued on January 1, 2016, and pay interest annually on each January 1. The bonds yield 10%. Assume that on July 1, 2019, Carla Co. redeems half of the bonds at a cost of $1,049,200 plus accrued interest. Prepare the journal entry to record this redemption.

Interest Expense	?
Premium on Bonds Payable	?
Cash		?

Bonds Payable	?
Premium on Bonds Payable	?
Loss on Redemption of Bonds	?
Cash		?