On January 1, 2024, Sandhill Ltd. issued $495,000 of 5%, 5-year bonds. The bonds were issued to yield a market interest rate of 6%. Sandhills year end is December 31. On January 1, 202 immediately after making and recording the semi-annual interest payment, Sandhill redeemed the bonds. A partial bond amortization schedule is presented below. Semi-Annual Interest Interest Interest Period Payment Expense Amortization Carrying Amount of Bonds Jan. 1, 2024 $473,888 July 1, 2024 12.375 $14,217 $1,842 475,730 Jan. 1, 2025 12.375 14.272 1,897 477.627 July 1, 2025 12.375 14,329 1,954 479,581 Jan. 1, 2026 12.375 14,387 2012 481.593 (d) Prepare the journal entry to record the redemption of the bonds assuming they were redeemed at 100 on January 1, 2026, after payment of interest. (List of debit entries before credit entries Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts Date Account Titles Jan. 1, 2026 Debit Credit