ection is taken from Ohlman Corp.s balace sheet at December 3, 2014. Current liabilities Interest payable $ 56,000 Long-term liabilities Bonds payable, 7%, due January 1 , 2019 1,600,000 interest is payable semiannually on January 1 and July 1. The bonds are callable on Bond any interest date. Instructions (a) Journalize the payment of the bond interest on January 1, 2015. (b) Assume that on January 1, 2015, after paying interest, Ohlman calls bonds having a face value of $600,000. The call price is 103. Record the redemption of the bonds. (c) Prepare the entry to record the payment of interest on July 1, 2015, assuming no previ- ous accrual of interest on the remaining bonds