Prepare all necessary journal entries for the following dates related to the bonds of Concrete Restoration, Inc. March 1, 2020: Concrete Restoration issued $1,200,000, 4% bonds at 104. Interest is payable semi-annually on March 1st, and September 1st. The bonds are dated to mature on March 1, 2030. September 1, 2020: Concrete Restoration paid interest on the bonds and also amortized the premium using straight-line amortization. December 31, 2020: Prepare any necessary year end adjusting entries. Note: Concrete Restoration's year end is December 31st. Hint: don't forget to prorate based on the amount of time that has passed since the last interest payment and premium amortization on September 1st. March 1, 2021: Concrete Restoration paid all interest due, amortized the premium, and because of sudden changes in financial market conditions, they immediately retired $600,000 of the bonds at 106. This represented one half of the original amount of the bonds issued one year ago. 1 March 2020 1 September 2020 31 December 2020 Cash (1.04 x 1,200,000) Premium on bonds payable Bonds payable (To record issuance of bonds at 104) Interest expense (1,200,000 x 4%) Premium on bonds payable (48,000/2) Cash (To record the payment of interest and amortization of premium on the bonds) Interest expense (36,000 - 12,000) Premium on bonds payable Interest payable (To record the accural of interest and amortization of premium on the bonds) 1 March 2021 Interest expense (36,000-12,000) 1 March 2021 Interest Payable (72,000 x 3/12) Premium on bonds payable (24,000 x 3/12) Cash (4% x 1,200,000) (To record the payment of interest and amortization of premium on the bonds) Bonds Payable Premium on bonds payable Loss on Redemption Cash (600,000 x 1.06) (To record the redemption of the entire $600,000 of bonds at 106)