On January 1, 2014, Man issued $300,000 of 8 %, twenty years callable bonds payable at 102, Man has extra cash and wishes to retire the bonds payable on January 1, 2017, immediately after making the sixth semiannual interest payment. To retire the bonds, Man pays the market price of 98. Man uses straight line method to amortize premium or discount. (25%) 4. Required: 1. Journalize the issuance of the bond payable on January 1, 2014 2. Journalize the retirement of the bond on January 1, 2017