Company A issued a 5 year, $100,000, 5% bond on January 1, 2010. Interest is payable each December 31. The bond sold for 102. The issue costs were $700. The issue costs are merged with any discount or premium to calculate a single effective interest rate. 30% of the bonds are retired on April 1, 2013 at 101. Calculate the effective interest rate. Make all entries needed on 12/31/2012. Make all entries needed to retire the bonds (Including interest payment on April 1, 2013). Make the entry on December 31, 2013.