The long-term liability section of Eastern Post Corporation's balance sheet as of December 31, 2020, included 12% bonds having a face amount of $44.4 million and a remaining premium of $7.1 million. On January 1, 2021, Eastern Post retired some of the bonds before their scheduled maturity. Required: Prepare the journal entry by Eastern Post to record the redemption of the bonds under each of the independent circumstances below: 1. Eastern Post called half the bonds at the call price of 103 (103% of face amount). 2. Eastern Post repurchased $11.1 million of the bonds on the open market at their market price of $11.6 million