please answer part C

CALCULATOR MESSAGE MY INSTRUCTOR FULL SCREEN PRINTER VERSION BACK NEXT Problem 14-2 (Part Level Submission) Sage Co. is building a new hockey arena at a cost of $2,420,000. It received a downpayment of $540,000 from local businesses to support the project, and now needs to borrow $1,880,000 to complete the project. It therefore decides to issue $1,880,000 of 11%, 10-year bonds. These bonds were issued on January 1, 2016, and pay interest annually on each January 1. The bonds yield 10%. (a) Your answer is correct. Prepare the journal entry to record the issuance of the bonds on January 1, 2016. (Round present value factor calculations to 5 decimal places, e.g. 1.25124 and the final answer to o decimal places e.g. 58,971. If no entry is required, select "No Entry" for the account titles and enter o for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Credit January 1, 2016 Cash Bonds Payable I 1995512 l 1 1880000 115512 Premium on Bonds Payable Click if you would like to Show Work for this question: Open Show Work SHOW LIST OF ACCOUNTS SHOW SOLUTION SHOW ANSWER LINK TO TEXT LINK TO TEXT (b) Your answer is correct. Prepare a bond amortization schedule up to and including January 1, 2020, using the effective interest method. (Round answers to o decimal places, e.g. 38,548.) Cash Carrying Amount of Date 1/1/19 2020 1/1/201 206000 Click if you would like to show Work for this questions Open Show Work HOW LIST OF ACCOUNTS SHOW ANSWER LINE TO TEXT LINK TO TEXT Attemptsi 2 of 3 used (c) Assume that on July 1, 2019, Sage Co. redeems half of the bonds at a cost of $1,040,600 plus accrued interest. Prepare the journal entry to record this redemption. (Round answers to o decimal places, e.g. 38,548. If no entry is required, select "No Entry" for the account tities and enter o for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Titles and Explanati Act July 1, 2019 (To record interest) July 1, 2019 (To record acquisition) Click of you would like to show Work for this questions Open Show Attempts of used SAVE FOR LATER SUBMIY