Kingbird, Inc. issues $1.60 million, 10 year, 6% bonds at 97 , with interest payable each January 1. (a) Prepare the joumal entry to record the sale of these bonds on January 1, 2022. (Credit account titles are outomatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.)