Sunland Electric sold $6,960,000, 10%, 10-year bonds on January 1, 2022. The bonds were dated January 1, 2022, and paid interest annually on January 1. The bonds were sold at 98. (a) Prepare the journal entry to record the issuance of the bonds on January 1, 2022. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Jan. 1, 2022 Debit eTextbook and Media 0 List of Accounts Save for Later (b) Attempts: 0 of 2 used Submit Answer At December 31, 2022, $13,920 of the Discount on Bonds Payable account has been amortized. At December 31, 2022, $13,920 of the Discount on Bonds Payable account has been amortized. Show the balance sheet presentation of the long-term liability at December 31, 2022. (Enter account name only and do not provide descriptive information.) Sunland Electric Balance Sheet (Partial) $ : eTextbook and Media List of Accounts Save for Later Attempts: 0 of 2 used Submit Answer (c) On January 1, 2024, when the carrying value of the bonds was $6,848,640, the company redeemed the bonds at 102. Record the redemption of the bonds assuming that interest for the period has already been paid. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Debit Date Account Titles and Explanation