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Prepare journal entries to record the following retirement. (Show computations and round to the nearest dollar The December 31, 2018 balance sheet of Fox Co.

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Prepare journal entries to record the following retirement. (Show computations and round to the nearest dollar The December 31, 2018 balance sheet of Fox Co. included the folowing items 7.5% bonds payable due December 31, 2026 Unamortized discount on bonds payable $3,000,000 120,000 The bonds were issued on December 31, 2016 at95, with interest payable on June 30 and December 31 Use straight-line amertization On Apri 1, 2019, Fox retired $600,000 of these bonds at 101 plus accrund interest

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