Metlock Inc. had outstanding $ 11 million of 8.00% bonds (interest payable March 31 and September 30) due in 12 years. Metlock was able to reduce its risk rating through investing in more real estate. As a result, on September 1, it issued $ 6 million of 10 year, 6% bonds interest payable July 1 and January 1) at 96. A portion of the proceeds was used to call the 8.00% bonds at 105 on October 1, The unamortized bond discount for the 8.00% bonds was $0.997 million on October 1. Matlock prepares ancial statements in accordance with IFRS. Prepare the necessary journal entries to record the issue of the new bonds and the retirement of the old bonds. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts) D Account Titles and Explanation Debit Credit Cash 000000 Bons Pava 000 Account Titles and Explanation Debit Credit Cash 6000000 Bonds Payable 6000000 (To record issuance of 6% bonds) Bonds Payable 11000000 Loss on Redemption of Bonds 2258250 Cash 13258250 (To record retirement of 8.00% bonds)