The following transactions were completed by Winklevoss Inc, whose fiscal year is the calendar year. Year 1 July 1 Dec 31 Issued 532,300,000 of 20-year, 9% callable bonds dated July 1. Year 1, at a market (effective) rate of 11%, receiving cash of $27 116,993 Interest is payable semiannually on December 31 and June 30 Paid the semiannual interest on the bonds. The bond discount amortization of $129,575 is combined with the semiannual interest payment Closed the interest expense account 31 Year 2 June 30 Paid the semiannual interest on the bonds The bond discount amortization of $129.575 is combined with the semiannual interest payment Pald the semiannual interest on the bonds. The bond discount amortization of S129.575 is combined Ded 31 cons with the semiannual interest payment, 31 Closed the interest expense account Year 3 June 30 Recorded the redemption of the bonds, which were called at 98. The balance in the bond discount account is $4,664 707 after payment of interest and amortization of discount have been recorded. (Record the redemption only) Required: 1. Journalize the entries to record the transactions. Round al amounts to the nearest dollar Refer to the Chart of Accounts for exact wording of account titles 2 Indicate the amount of the Interest expense in (a) Year 1 and (b) Year 2 3. Determine the carrying amount of the bonds as of December 31Year 2 2. Indicate the amount of the interest expense in (a) Year 1 and (b) Year 2. Year 1: $ Year 2: 3. Determine the carrying amount of the bonds as of December 31, Year 2 $