The balance sheet for Sandhill Co. reports the following information on July 1, 2017. SANDHILL co. Balance Sheet (partial) Long-term liabilities $3,00000 2.93250 Bonds payable Less: Discount on bonds payable Sandhill decides to redeem these bonds at 104 after paying annual interest. Prepare the journal entry to record the redemption on July 1, 2017. (Credit account titles are automatically indented when amount is 67,500 $2,932,500 entered. Do not indent manually.) Date Account Titles and Explanation July 1 Bonds Payable Debit Credit Cash Discount on Bonds Payable Click if vou would like to Show Work for this question:Qnen Show Work