On April 1, 2020, Pronghorn Company sold 14,400 of its 11%, 15-year, $1,000 face value bonds at 97. Interest payment dates are April 1 and October 1, and the company uses the straight-line method of bond discount amortization. On March 1, 2021, Pronghorn took advantage of favorable prices of its stock to extinguish 4,200 of the bonds by issuing 138,600 shares of its $10 par value common stock. At this time, the accrued interest was paid in cash. The company's stock was selling for $32 per share on March 1, 2021. Prepare the journal entries needed on the books of Pronghorn Company to record the following. (Round intermediate calculations to 6 decimal places, eg. 1.251247 and final answers to 0 decimal places, eg. 38,548. 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.) (a) April 1, 2020: issuance of the bonds. (b) October 1, 2020: payment of semiannual interest. (c) December 31, 2020: accrual of interest expense. (d) March 1, 2021: extinguishment of 4,200 bonds. (No reversing entries made.) 4/1/20 Cash Discount on Bonds Payable Bonds Payable 10/1/20 Interest Expense Discount on Bonds Payable Cash ) 12/31/20 Interest Expense Discount on Bonds Payable Cash 13968000 432000 806400 403200 14400000 14400 792000 7200 396000 stion 8 of 8 > 3/1/21 Interest Expense Interest Payable Discount on Bonds Payable Cash (To record interest and discount on bonds retired) 3/1/21 Bonds Payable Discount on Bonds Payable Common Stock 268800 396000 4200000 640800 2.56/3 III 4800 660000 405600 1386000