Kingbird, Inc issues $1.60 million, 10-year, 6% bonds at 97 , with interest payable each January 1. (a) Your answer is correct. Prepare the journal entry to record the sale of these bonds on January 1, 2022. (Credit account titles are outomotically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry' for the account tities and enter ofor the amounts) Assuming instead that the above bonds sold for 103, prepare the journal entry to record the sale of these bonds on January 1. 2022. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)