Santana Company had bonds outstanding with a maturity value of $1,000,000. The 10% bonds payable had a net carrying amount of $950,000 on December 31, 2014. The bonds were issued at a discount to yield 11.7705%. The amortization of the bond discount was recorded under the effective-interest method. Interest was paid on January 1 and July 1 of each year. On July 2, 2015, several years before their maturity, Santana called the bonds at 102. To pay for these bonds, Santana issued new bonds bearing a lower interest rate. The newly issued bonds had a life of 10 years. The new bonds were issued at 97 (face value $1,000,000). Issue costs related to the new bonds were $2,000. (a $ _The book value of the old bonds on July 2, 2015. (b)$ The price paid for the call of the old bonds on July 2, 2015. (C$ _The gain or (loss) on the call of the old bonds. (d) Present the journal entry to record the issuance of the new bonds. Use the form provided below Account Debit Credit Santana Company had bonds outstanding with a maturity value of $1,000,000. The 10% bonds payable had a net carrying amount of $950,000 on December 31, 2014. The bonds were issued at a discount to yield 11.7705%. The amortization of the bond discount was recorded under the effective-interest method. Interest was paid on January 1 and July 1 of each year. On July 2, 2015, several years before their maturity, Santana called the bonds at 102. To pay for these bonds, Santana issued new bonds bearing a lower interest rate. The newly issued bonds had a life of 10 years. The new bonds were issued at 97 (face value $1,000,000). Issue costs related to the new bonds were $2,000. (a $ _The book value of the old bonds on July 2, 2015. (b)$ The price paid for the call of the old bonds on July 2, 2015. (C$ _The gain or (loss) on the call of the old bonds. (d) Present the journal entry to record the issuance of the new bonds. Use the form provided below Account Debit Credit