Problem 14-16 (Algo) Debt issue costs; issuance; expensing; early extinguishment; straight-line amortization [LO14-2, 14-5] Cupola Fan Corporation issued 8%,$470,000,10-year bonds for $459,000 on June 30,2024. - Debt issue costs were $2,200. - Interest is paid semiannually on December 31 and June 30 . - One year from the issue date (July 1, 2025), the corporation exercised its call privilege and retired the bonds for $465,000. - The corporation uses the straight-line method both to determine interest expense and to amortize debt issue costs. Required: 1. to 4. Prepare the journal entries to record the issuance of the bonds, the payment of interest and amortization of debt issue costs December 31,2024& June 30,2025 , and the call of the bonds. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. 1. to 4. Prepare the journal entries to record the issuance of the bonds, the payment of interest and amortization of debt issue costs on December 31,2024 \& June 30,2025 , and the call of the bonds. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet (3) 4 Record the issuance of the bonds. Note: Enter debits before credits. Required: 1. to 4. Prepare the journal entries to record the issuance of the bonds, the payment of interest and amortization of debt issue costs December 31, 2024 \& June 30, 2025, and the call of the bonds. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet Note: Enter debits before credits. Required: 1. to 4. Prepare the journal entries to record the issuance of the bonds, the payment of interest and amortization of debt issue costs on December 31,2024 \& June 30,2025 , and the call of the bonds. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet 1 4 Note: Enter debits before credits. Required: 1. to 4. Prepare the journal entries to record the issuance of the bonds, the payment of interest and amortization of debt issue costs on December 31,2024 \& June 30,2025 , and the call of the bonds. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet Record the call of the bonds. Note: Enter debits before credits