Hill Corporation issued $3,000,000 of 7% bonds at 98 on January 2,2019 . Interest is paid semiannually on June 30 and December 31 . The bonds had a 10 -year life from the date issue, and the company uses the straight-line method of amortization. On March 31, 2022, Hill recalls the bonds at the call price of 108 plus accrued interest. Required: Prepare the journal entries to record the reacquisition (recall) of Hill's bonds. Chart of Accounts CHART OF ACCOUNTS Hill Corporation General Ledger ASSETS REVENUE 111 Cash 411 Sales Revenue 121 Accounts Receivable 141 Inventory EXPENSES 152 Prepaid Insurance 500 Cost of Goods Sold 181 Equipment 511 Insurance Expense 198 Accumulated Depreciation 512 Utilities Expense 521 Salaries Expense LIABILITIES 532 Bad Debt Expense 211 Accounts Payable 540 Interest Expense 231 Salaries Payable 541 Depreciation Expense 250 Unearned Revenue 559 Miscellaneous Expenses 255 Bonds Payable 892 Loss on Bond Redemption 256 Premium on Bonds Payable 910 Income Tax Expense Prepare the journal entries to record the reacquisition (recall) of Hill's bonds on March 31, 2022