Prepare the journal entry to record the sale of these bonds on January 1, 2022. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Jan. 1 Cash(490,000/100*96) Debit Credit 470,400 Discount on Bonds Payable 19,600 Bonds Payable 490,000 Suppose the remaining Discount on Bonds Payable was $11.760 on December 31, 2027. Show the balance sheet presentation on this date. BLOSSOM COMPANY Balance Sheet (Partial) December 31, 2027 Add I s