Disappointed by the recent early exit of VCT Berlin, Sentinels decided to invest more in building better facilities and equipment for their squad. In doing so, Sentinels issued its 9%, 10-year bonds in the principal amount of $10,000,000 on December 31, 2021. Rate of similar bonds in the market at 10%. The indenture securing the issue provided that the bonds could be called for redemption in total but not in part at any time before maturity at 105% of the principal amount, but it did not provide for any sinking fund. Prepare: 1. Determine whether Sentinels issues bonds at premium/discount, and calculate the amount of premium/discount (if any) on the bonds issued. 2. Prepare all necessary Journal on 2021 3. Prepare all necessary Journal if a. Retired at December 31 2025 b. Retired at Maturity