Sweet Co. is building a new hockey arena at a cost of $2,630,000. It received a downpayment of $520,000 from local businesses to support the project, and now needs to borrow $2,110,000 to complete the project. It therefore decides to issue $2,110,000 of 12%, 10-year bonds. These bonds were issued on January 1, 2016, and pay interest annually on each January 1. The bonds yield 11%. (c)Assume that on July 1, 2019, Sweet Co. redeems half of the bonds at a cost of $1,122,300 plus accrued interest. Prepare the journal entry to record this redemption

(a) Your answer iscorect Prepere the journal entry to record the iasuence of the bonds on January 1. 2016. (Round present value facto is required, select "No Entry for the account tiles and enter 0 for the amounts, Credit account tiles Date Account Tites and Explanation Debit Credit anuary 1, 2015 Cah Premium on Donds Payabile (b) Your answer i correct. Prapare a bond amortization schedule up to and including January 1, 2020, usana the effecuva intarest mathod. (Round answers to 0 decimal places, g, 38,548.) Cash Paid Amount of Bonds 1/1/20 (c) Assume that on July 1, 2019, Sweet Ca redeem; half of the bonds at a cost of 51, 122,300 plus accrued intarest. Prepar the journal antry to record this redemption. (Round answers to 0 decimal place roquirod, select "No Entry for the account titles and enter O for the amounts. Credit account titles are automatially indanted iwhen amount is entorod. Do not indent manually.) eg. 38,548. rf no entry is Date Account Titles and Explanation July 1, 2019 Debit Credit To record interest) July 1, 2019 To record reacquisition)