CALCULATOR FULL SCREEN PRINTER VERSION Problem 10-07 The following information is taken from Ivanhoe Corp's balance sheet at December 31, 2021. BACK NEXT Current liabilities Interest payable Long-term liabilities Bonds payable (4%, due January 1, 2032) Less: Discount on bonds payable $92,000 $2,300,000 23,000 2,277,000 Interest is payable annually on January 1. The bonds are calable on any annual interest date. Ivanhoe uses straight line amortization for any bond premium or discount. From December 31, 2021, the bonds will be outstanding for an additional 10 years (120 months) (a) Jourmalize the payment of bond Interest on January 1, 2022 (b) Drepare the entry to amortire bond discount and to score the interest on December 31, 2012, (c) Assume on January 1, 2023, after paying interest, that Ivanhoe Corp. calls bonds having a face value of $450,000. The call price is 102. Record the redemption of the bonds Prepare the adjusting entry at December 31, 2023, to amortize bond discount and to score interest on the remaining bonds (Credit account titles are automatically indented when amount is entered. Do not indent manually) No. Date Account Thies and Explanation Debit Credit (a) Jan 1 2022 (b) Dec 31 2022