Prepare ba redempti E15.14 (LO 3, 4) AP On January 1, 2021, Chilton Ltd. issued $500,000 of 5%, 5-year bonds. The bonds were issued to yield a market interest rate of 6%. Chilton's year end is December 31. On January 1, 2023 immediately after making and recording the semi-annual interest payment, Chilton redeemed the bonds A partial bond amortization schedule is presented below. Semi-Annual Interest Interest Bond Amortized Interest Period Payment Expense Amortization Cost Jan. 1. 2021 $478,674 July 1, 2021 $12,500 $14,360 $1,860 480.534 Jan. 1. 2022 12,500 14,416 1,916 482,450 July 1, 2022 12,500 14,474 1,974 484,424 Jan. 1, 2023 12,500 14.533 2,033 486,457 Instructions a. Prepare the journal entry to record the payment of interest on July 1, 2021. b. Prepare the journal entry to accrue the interest expense on December 31, 2021. e. Prepare the journal entry to record the payment of interest on January 1, 2022. d. Prepare the journal entry to record the redemption of the bonds assuming they were redeemed at 100 on January 1, 2023, after payment of interest. e. Prepare the journal entry to record the redemption of the bonds assuming they were redeemed at 96