The following section is taken from Gordon Corp.'s balance sheet at December 31, 2020

Current Liabilities

Interest Payable $240,000

Long Term Liabilities

Bonds Payable, 6%, due January 1, 2022 4,000,000

The following section is taken from Gordon Corp. 's balance sheet at December 31, 2020. Interest is payable annually on January 1 . The bonds are callable on any interest date. (a) Your answer has been saved. See score details after the due date. Your answer has been saved. See score details after the due date. Journalize the payment of the bond interest on January 1. 2021. (Credit occount titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Assume that on January 1, 2021, after paying interest, Gordon calls bonds having a face value of $1,600,000. The call price is 98 . Record the redemption of the bonds. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the occount titles and enter O for the amounts.) Prepare the entry to record the accrual of interest on December 31, 2021, assuming no previous accruat of interest on the remaining bonds. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Prepare the entry to record the retirement of half the bonds still outstanding on January 1,2022 for a cash payment of $1,220,000. Assume the accrued interest was paid. (Credit account titles are outomatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.)