Sunland Cars Co. issued $1.58 million of 5%, 5-year bonds on January 1, 2021. The bonds were dated January 1 and pay interest annually. The bonds are secured with real estate holdings. The market interest rate was 4% for these bonds. Sunland has a calendar year end Click here to view the factor table. Present Value of 1 Click here to view the factorbe Precent Value of an Annuity of 1 Journalize the first three interest payments assuming reversing entries have been used. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts) Date Account Titles and Explanation Debit Credit Jan. 1 2022 (To record interest payment.) Jan 1. 2023 Jan. 1. 2023 To record interest payment.) Jan. 1. 2024 (To record interest payment.)