The following information is taken from Indig0 Corp.s balance sheet at December 31, 2016. Current liabilities Interest payable $96,000 Long-term liabilitles Bonds payable (5%, due January 1, 2027) $5,040,000 Less: Discount on bonds payable 50,400 4,989,500 Interest is payable annually on January 1. The bonds are callable on any anrnual interest date. Indigo uses straight-line amortizatian for any bond premium or discount. Fram December 31, 2016, the bands will be outstanding far an additional 10 years (120 months). a)Journalire the payment of band interest on lanuary 1, 2017 (b Prepare the entry to amortize bond discount and to accrue the interest on December 31, 2017 (c) Assume on January 1, 2018, after paying interest, that Indigo Corp. calls bonds having a face value of $940,000. The call price is 102. Record the redemption of the bonds. (d) Prepare the adjusting entry at December 31, 2013, to amortze bond discount and to accrue interest on the remaining bonds (Credit account titles are automatically indented when amount is entered. Do 0t indent manually.) No. Date Account Titles and Explanation (a) lan. 1 2017 Debit Credit (b) Dec. 31 2017 (c) Jan, 1 2018 (d) Dnc. 31 2018