The balance sheet for Carla Vista Consulting reports the following information on July 1, 2021. Non-current liabilities Bonds payable, 4%, due 2024 $1,071,600 The face value of these bonds is $1,140,000. Carla Vista decides to redeem these bonds at 103 after paying annual interest. Prepare the journal entry to record the redemption on July 1, 2021. (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 0 for the amounts.) Date Account Titles and Explanation Debit Credit July 1 Bonds Payable 1071600 Loss on Bond Redemption 32148 Cash 1103748 (To record redemption of bonds.)