On May 1, 2020, Cullumber Corp. issued CHF750,000.5%, 5-year bonds at face value. The bonds were dated May 1, 2020, and pay interest annually on May 1. Financial statements are prepared annually on December 31. Assume that on January 1, 2022, Cullumber pays the accrual bond interest and calls the bonds. The call price is 104. Record the payment of interest and redemption of the bonds. (Credit account titles are automatically indented when amount is entered Do not indent manually. Round answers to O decimal places, e.g. 5,675.) Date Account Titles and Explanation Debit Credit Jan. 1. 2022 Interest Payable Cash (To record payment of interest) Jan 1 2022 Bonds Payable Loss on Bond Redemption Cash (To record redemption of the bonds) Maasamantha