Problem 15-07A a-d (Part Level Submission) The following is taken from the Wildhorse Company balance sheet. Wildhorse Company Balance Sheet (partial) December 31, 2020 Current Liabilities Interest payable (for 12 months from January 1 to December 31) Long-term Liabilities Bonds payable, 7% due January 1, 2028 Add: Premium on bonds payable $210,000 $3,000,000 156,000 $3,156,000 Interest is payable annually on January 1. The bonds are callable on any annual interest date. Wildhorse the bonds will be outstanding for an additional 10 years (120 months). (a) Your answer is correct titles are automatically indented when amount is entered. Do not indent manually.) Debit Credit Date Account Titles and Explanation Jan. 1, 2022 Bonds Payable 1200000 Premium on Bonds Payable 48000 X Gain on Bond Redemption 48000 Cash 1248000 Click if vou would like to Show Work for this question: Open Show Work