On January 1, 2018, Swan Company issued bonds with the following characteristics:

Face Value (per bond)

$ 1,000

Number of bonds issued

2,000

Coupon (stated) rate

7%

Maturity date

5

Interest payments

Annually

Prevailing rate of interest in the market on January 1, 2018

Date	Interest Payment	Interest Expense	Amortization	Carrying Value
1/1/2018				$ 1,920,145.80
12/31/2018	$ 140,000.00	$ 153,611.66	$ 13,611.66	$ 1,933,757.46
12/31/2019	$ 140,000.00	$ 154,700.60	$ 14,700.60	$ 1,948,458.06
12/31/2020	$ 140,000.00	$ 155,876.64	$ 15,876.64	$ 1,964,334.70
12/31/2021	$ 140,000.00	$ 157,146.78	$ 17,146.78	$ 1,981,481.48
12/31/2022	$ 140,000.00	$ 158,518.52	$ 18,518.52	$ 2,000,000.00

8%

Provide the December 31, 2021 journal entry