On September 30, 2012, Sunland Company issued 9% bonds with a par value of S610,000 due in 20 years. They were issued at 99 and were callable at 105 at any date after September 30, 2017. Because Sunland Company was able to obtain financing at lower rates, it decided to call the entire issue on September 30, 2018, and to issue new bonds. New 7% bonds were sold in the amount of $950,000 at 104; they mature in 20 years. Sunland Company uses straight-line amortization. Interest payment dates are-arch 3 and September 30. (a) Prepare journal entries to record the redemption of the old issue and the sale of the new issue on September 30, 2018. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Il no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Account Titles and Explanation Debit Credit (To record the redemption of old issue) To record the sale of new issue)