Shamrock, Inc. issues $3.5 million, 10 year, 8% bonds at 104, with interest payable on January 1. The straight-line method is used to amortize bond premium Prepare the journal entry to record the sale of these bonds on January 1.2022. (Credit account titles are automatically indented when amount is entered. Do not indent manually) Date Account Titles and Explanation Debit Credit Jan 1 Cash 3640000 Bonds Payable 3500000 Premium on Bonds Payable 140000