Martinez Co. is building a new hockey arena at a cost of $2,370,000. It received a downpayment of $520,000 from local businesses to support the project, and now needs to borrow $1,850,000 to complete the project. It therefore decides to issue $1,850,000 of 10%, 10-year bonds. These bonds were issued on January 1, 2019, and pay interest annually on each January 1. The bonds yield 9% - Your answer is partially correct. Prepare the journal entry to record the issuance of the bonds on January 1, 2019. (Round present value factor calculations to 5 decimal places, e.g. 1.25124 and the final answer to decimal places e.g. 58,971. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Debit Credit Date January 1, 2019 Account Titles and Explanation Unamortized Bond Issue Costs Bonds Payable Premium on Bonds Payable e Textbook and Media List of Accounts Prepare a bond amortization schedule up to and including January 1, 2023, using the effective interest method. (Round answers to O decimal places, e.g. 38,548.) Cash Paid Interest Expense Premium Amortization Carrying Amount of Bonds Date 1/1/19 $ $ $ $ $ 1/1/20 1/1/21 1/1/22 1/1/23 e Textbook and Media List of Accounts Assume that on July 1, 2022, Martinez Co. redeems half of the bonds at a cost of $1,019,100 plus accrued interest. Prepare the journal entry to record this redemption. (Round answers to decimal places, e.g. 38,548. If no entry is required, select "No Entry" for the account titles and enter for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Debit Credit Date July 1, 2022 Account Titles and Explanation Interest Expense Premium on Bonds Payable Cash July 1, 2022 (To record interest) Bonds Payable Premium on Bonds Payable Loss on Redemption of Bonds Unamortized Bond Issue Costs (To record reacquisition)