The Quenzer Company issued a $40,000,000, 10-year bond on January 1st of last year. The bond was sold at l 14. The stated rate is 12% (compounded semi-annually) while the market rate was 8%. On March 1st of this year, the company redeemed $700,000 worth of bonds at 113. REQUIRED: Journalize the entries to 1) issue the bonds on January 1st, 2) record the first bond interest payment and bond amortization on July 1st 3) record the second bond interest payment and bond amortization on December 31st, and 4) redeem the bonds on March 1st