Question 2 Carla Vista Electric sold $5.40 million of 10%, 10-year bonds on January 1, 2017. The bonds were dated January 1, 2017, and paid interest on January 1. The bonds were sold at 94. Prepare the journal entry to record the issuance of the bonds on January 1, 2017. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) Date Account Titles and Explanation Debit Credit Jan. 1, 2017 Assume that at December 31, 2017, $7,200 of the discount has been amortized. Show the balance sheet presentation of the non-current liability at December 31, 2017. (Round answers to o decimal places, e.g. 5,275.) CARLA VISTA ELECTRIC Balance Sheet (Partial) V Assume that on January 1, 2019, when the bonds' amortized cost was $5,090,400, the company redeemed the bonds at 106. Record the redemption of the bonds assuming that interest for the period had already been paid. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) Date Account Titles and Explanation Debit Credit Jan. 1