The following section is taken from Lyons Corp.'s balance sheet at December 31, 2015. 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, 2016. (b) Assume that on January 1, 2016, after paying interest, Lyons Corp. calls bonds having a face value of $300,000. The call price is 108. Record the redemption of the bonds. (c) Prepare the adjusting entry on December 31, 2016, to accrue the interest on the remaining bonds. Prepare journal entries to record interest payments and redemption of bonds. (LO 2) (f) Loss $24,000