Shamrock, Inc. had outstanding $6,170,000 of 11% bonds (interest payable July 31 and January 31) due in 10 years. On July 1, it issued $9,200,000 of 10%, 15-year bonds (interest payable July 1 and January 1) at 99. A portion of the proceeds was used to call the 11% bonds (with unamortized discount of $61,700) at 101 on August 1. Prepare the journal entries necessary to record issue of the new bonds and the refunding of the bonds