On July 9,2021, Cullumber Enterprises Inc. discovered it had recorded the $84,000 purchase of land as legal expense on November 8, 2020. The company had reported retained earnings of $642,500 at its previous year end, December 31, 2020, During 2021, Cullumber had profit of $216,000 and it declared and paid cash dividends of $242,000. Cullumber has a 25% income tax rate Ivanhoe Corporation issued $2.2 million of 5 year, 3% bonds dated January 1, 2021, at 100. Interest is payable semi-annually on January 1 and July 1. Ivanhoe has a December 31 year end. Prepare the journal entry to record the sale of these bonds on January 1, 2021. (Credit account tidles 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 for the amounts) Debit Date Account Titles and Explanation Jan. 1 (To record issuance of bonds.)