On February 1, 2018Sanford & Son issued 10% bonds dated February 12018, with a face amount of \$290,000 . The bonds sold for $347,399 and mature in 20 years. The effective interest rate for these bonds was 8%Interest is paid semiannually on July 31 and January 31 Sanford & Son's year is the calendar year Required: 1. Prepare the journal entry to record the bond issuance on February , 2018 2. Prepare the entry to record interest on July 31, 2018 , using the straight -line method. 3. Prepare the necessary journal entry on December 31, 2018 4. Prepare the necessary journal entry on January 31, 2019