Please answer question #31, SHOWING ALL WORK ACCORDINGLY ON ALL SECTIONS. Thank you!

The balance sheet for Sandhill Co. reports the following information on July 1, 2022. SANDHILL CO. Balance Sheet (partial) Long-term liabilities $2,100,000 Bonds payable Less: Discount on bonds payable 47,250 $2,052,750 Sandhill decides to redeem these bonds at 105 after paying annual interest Prepare the journal entry to record the redemption on July 1, 2022. (Credit account titles are automatically indented when amount is entered. Do not indent manually) Date Account Titles and Explanation Debit Credit July 1