Save Answer 1. (14 points)On January 1, 2018, Muller Company issued $500,000 of 10-year bonds for cash proceeds with a stated rate of 14% per annum. The market rate is 12% per annum. Interest is paid semi-annually on June 30 and December 31. Muller uses the effective interest method to amortize discount/premium. PV factor for: 6% 7% 12% 14% a single sum 10 periods 0.55839 0.50835 20 periods an ordinary annuity 10 periods 0.31180 7.36009 20 periods 11.46992 0.25842 7.02358 10.59401 0.32197 0.10367 0.07276 0.26974 5.65022 5.21612 7.46944 6.62313 (a) What is the journal entry made by Muller on the date the bonds are issued on January 1, 2018? (b) What is the journal entry made by Muller on June 30, 2018 abd December 31, 2018? (c) Ignore the information above. Assume that Muller has outstanding bonds (other than the bonds issued on January 1, 2018). For these bonds, the following balances existed at September 30, 2021: Bonds Payable: $1,000,000 Unamortized Discount on Bonds Payable. 113,000 Unamortized Bond Issue Costs: 48,000 Muller retires (redeems) these bonds on October 1, 2021, at 103. What is the journal entry made by Muller to record the bond redemption?