For each independent situation above, prepare the appropriate journal entry for the redemption of the bonds. (Credit account t automatically indented when amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit Credit 1. Bonds Payable 130000 Loss on Bond Redemption 15100 Cash 145100 2. Bonds Payable Loss on Bond Redemption Cash The following are two independent situations. 1. Sunland plc. redeemed 130,000 face value, 15% bonds on June 30, 2020, at 102. The carrying value of the bonds at the redemption date was 117,500. The bonds pay annual interest, and the interest payment due on June 30, 2020, has been made and recorded. 2. Tastove Inc. redeemed 157,000 face value, 17% bonds on June 30, 2020, at 98. The carrying value of the bonds at the redemption date was 159,500. The bonds pay annual interest, and the interest payment due on June 30, 2020, has been made and recorded