Prepare the entry to amortize bond premium and to accrue the interest due on December 31, 2021. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Dec. 31, 2021 eTextbook and Media List of Accounts Save for Later Debit Credit Attempts: 0 of 5 used Submit Answer Current Attempt in Progress The following is taken from the Whispering Winds Corp, balance sheet. Current Liabilities Interest payable (for 12 months from January 1 to December 31) Long-term Liabilities Bonds payable, 5% due January 1, 2031 Add: Premium on bonds payable $171,000 $3,420,000 240,000 $3,660,000 Interest is payable annually on January 1. The bonds are callable on any annual interest date. Whispering Winds uses straight-line amortization for any bond premium or discount. From December 31, 2020, the bonds will be outstanding for an additional 10 years (120 months). (a)