On January 1, 2021. Splash City issues $390,000 or 7% bonds due in 10 years, with interest payable semiannually on June 30 and December 31 each year. The market interest rate on the issue date is 8% and the bonds issued at $363.499, Book 2. If the market interest rate drops to 5% on December 31, 2022, it will cost $440,915 to retire the bonds. Record the retirement of the bonds on December 31, 2022. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" In the first account field. Round your Intermediate calculations to the nearest whole dollar amount.) e View transaction list Print 0 Journal entry worksheet C rence 1 Record the retirement of the bonds. Note: Enter debits before credits Date General Journal Dehit Credit December 31, 2022 Record entry Clear entry View general journal