Norbock Inc. reports the following outstanding bond issue on its December 31, 20Y1 balance sheet: $1,000,000, 1%, 10-year bonds that pay interest semiannually The bonds have been outstanding for five years and were originally issued at face amount. The company is considering redeeming these bonds on January 1, 2012, at 103 and suing new $1,000,000,5%, five-year bonds at their face value. These bonds would pay interest semiannualy June 30 and December 31 viti t th a t the reads from issuing the new bonds, and whether you think this is a good or bad business decision Norbock Inc. reports the following outstanding bond issue on its December 31, 2011 balance sheet: $1,000,000,7%, 10-year bonds that pay interest semiannually. The bonds have been outstanding for five years and were originally issued at face amount. The company is considering redeeming these bonds on January 1, 2012, at 103 and issuing new $1,000,000, 5%, five-year bonds at their face value. These bonds would pay interest semiannualy, June 30 and December 31 Discuss the costs of redeeming the existing bonds (show the journal entry, the proceeds from issuing the new bonds, and whether you think this is a good or bad business decision