Sunland Corporation issued $ 2.64 million of 7-year, 2% bonds dated January 1, 2021, for $2.320.395. The market interest rate when the bonds were issued was 4%. Interest is payable semi-annually on January 1 and July 1. Sunland has a December 31 year end. Prepare the journal entry for the payment of interest on January 1, 2022. (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.)