The following section is taken from Crane's balance sheet at December 31, 2021. $ 52,000 Current liabilities Interest payable Long-term liabilities Bonds payable (9%, due January 1, 2025) 620,000 Interest is payable annually on January 1. The bonds are callable on any annual interest date. (a) (b) (c) Journalize the payment of the bond Interest on January 1, 2022 Assume that on January 1, 2022, after paying interest, Crane calls bonds having a face value of $215,000. The call price is 106. Record the redemption of the bonds. Prepare the adjusting entry on December 31, 2022, to accrue the interest on the remaining bonds. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Debit Credit No. Date Account Titles and Explanation (a) Jan. 1 (b) Jan. 1 (c) Dec. 31