Required information [The following information applies to the questions displayed below] On January 1, 2024. White Water issues $550,000 of 8% bonds, due in 15 years, with interest payable semiannually on June 30 and December 31 each year. The market interest rate on the issue date is 7% and the bonds issued at $600,578. 2. If the market interest rate increases to 9% on December 31, 2026, it will cost $510,137 to retire the bonds. Record the retirement of the bonds on December 31, 2026. (If no entry is required for a particular transoction/event, select "No Journal Entry Required" in the first account field. Round your final answers to the nearest whole dollec.) Journal entry worksheet Record the retirement of the bonds Notes Enter debts before cresti