P15-2B Shonrock Co. sold $800,000, 9%, 10-year bonds on January 1, 2015. The bonds were dated January 1, 2015, and paid interest on January 1. The bonds were sold at 105. Instructions (a) Prepare the journal entry to record the issuance of the bonds on January 1, 2015. (b) At December 31, 2015, $4,000 of the Premium on Bonds Payable account has been amortized. Show the balance sheet presentation of the long-term liability at December 31, 2015. (c) On January 1, 2017, when the carrying value of the bonds was $832,000, the company redeemed the bonds at 106. Record the rede