The following two cases are independent. Case A At 31 December 20X3, QML Ltd. reports the following on its statement of financial position: Bonds payable, due 30 June 20X16, 6%, interest payable annually on 30 June Discount on bonds payable Deferred upfront costs $15,000,000 186,750 53,550 Accrued interest payable of $450,000 was recorded on 31 December 20X3 ($15,000,000 x 6% 6/12) and the bond discount was correctly amortized to 31 December 20X3. On 1 March 20X4, 60% of the bond issue was bought back in the open market and retired at 98 plus accrued interest. Required: Provide the entries to record the interest and the retirement. Record interest and amortization only on the portion of the bond that is retired on 1 March 20X4; amortization of $429 must be recorded for the upfront costs and $1,494 on the discount. (Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount. If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet Record the entry to update interest expense and amortization. Journal entry worksheet Record the retirement of bonds