On June 30,2012 , Metlock Compary issued 12% bonds witha par value of $760,000 due in 20 years. They were issued at 98 and were caliable at 105 at any date after June 30,2020 . Because of lower interest rates and a significant change in the company'scredit rating. it was decided to call the entire issue on June 30,2021 , and to issue new bonds. New 8% bonds were sold in the amount of $920,000 at 103 ; they mature in 20 years. Metlock Company uses straight-line amortization Interest payment dates are December 31 and June 30 . (a) Prepare journal entries to record the cedemption of the old issue and the sole of the newissue on June 30,202.1. (b) Prepare the entry required on December 31.2021, to record the payment of the first 6 months interest and the amertization of premicim on the bonds. Round answers to 0 decimal places, eg. 38,548, If no entry is required, select "No Entry" for the account tities and enter O for the amounts. Credit account titles are automatically indented when amount is entered, Do not indent manualiy) (To record the redemption of the old issue) Bonds Paysale Peemlimion Bonds Payste (To record the sale of the new issue) Interest Ervense Promum on Bondr Pavabir Cant 920000 946000917200