$$

LO $14\mathrm{.}5$ LO $14\mathrm{.}6$ Hillis Corporation issued $\backslash$$$600,000$ of $\backslash (13\backslash \%\backslash )$ bonds on January $1,2019,$ for $\backslash (\backslash$$ $614,752\mathrm{.}24\backslash ).$ The bonds are due

December $31,2021,$ were issued to yield $12\backslash \%,$ and pay interest semiannually on June $30$ and December $31.$ Hillis uses the effective interest method.

$\backslash$section$*\{$Required:$\}$

$1.$ Prepare a bond interest expense and premium amortization schedule.

$2.$ Assume the company retired the bonds on September $30,2021,$ for $\backslash (\backslash$$ $630,000\backslash ),$ which includes accrued interest. Prepare the journal entry to record the bond retirement.