The following section is taken from Budke Corp.s balance sheet at December 31, 2010. Current liabilities Bond interest payable $ 72,000 Long-term liabilities Bonds payable, 9%, due January 1, 2015 $ 1,600,000 Interest is payable semiannually on January 1 and July 1.The bonds are callable on any interest date. Instructions: (a) Journalize the payment of the bond interest on January 1, 2011. (b) Assume that on January 1, 2011, after paying interest, Budke calls bonds having a face value of $600,000.The call price is 104. Record the redemption of the bonds. (c) Prepare the entry to record the payment of interest