The following section is taken from Cullumber's balance sheet at December 31, 2021. Interest is payable annually on January 1 . The bonds are callable on any annual interest date. (a) Journalize the payment of the bond interest on January 1, 2022. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Assume that on January 1, 2022, after paying interest, Cullumber calls bonds having a face value of $247,500. The call price is 101. Record the redemption of the bonds. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) 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.)