Sheffield Co. is building a new hockey arena at a cost of $2,600,000. It received a downpayment of $460,000 from local businesses to support the project, and now needs to borrow $2,140,000 to complete the project. It decides to issue $2,140,000 of 12%, 10-year bonds. These bonds were issued on January 1, 2021, and pay interest annually on each January 1. The bonds yield 11%. (c) Assume that on July 1, 2024, Sheffield Co. retires half of the bonds at a cost of $1,126,600 plus accrued interest. Prepare the journal entry to record this retirement. (Round answers to O decimal places, e.g. 38,548. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation July 1, 2024 July 1, 2024 (To record interest) (To record reacquisition) Debit Credit