On January 1, 2020, management issued bonds maturing on December 31, 2029 (ten years) with a face value of $5,000,000 paying interest of four percent semiannually on June 30, and December 31 at 97. Assume that management retired the bonds early at 98 on July 1, 2021. Required: 1. Prepare journal entries for each event on January 1, 2020, June 30, 2020, and December 31, 2020. 2. Identify the account(s) and amount(s) that should be reported on the balance sheet on December 31, 2020.