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Solar Energy Inc. issued a $918,000, 8.5%, five-year bond on October 1, 2020. Interest is paid annually each October 1. Solar's year- end is December

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Solar Energy Inc. issued a $918,000, 8.5%, five-year bond on October 1, 2020. Interest is paid annually each October 1. Solar's year- end is December 31. 3 Periodinding Cash Interest Paid Teriod Interest Expense Oct. 1/20 Ost. 1/21 Oct. 1/22 Oct. 1/23 Oct. 1/24 Oct. 1/25 $ 78,030 78,030 78,030 78,030 78.030 $390,150 83,61 84,415 85,022 85,686 86,414 $425,399 Discount Amorti $. 5.831 6,385 6,992 7.656 3,384 $35,249 Uamortired Carrying Discount Value $35,249 $882,751 29.417 888,583 23,032 894,968 16,040 901.960 8,384 909,616 0 918,000 Book Assume that interest has already been paid on October 1, 2023. Required: Using the amortization schedule provided above, record the entry to retire the bonds on October 1, 2023, for cash of a $890,000 b. $901,960 c. $904,900 View transaction list Journal entry worksheet 1 2 3 > Record the retirement of band for $890,000 MacBook Air

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