Please complete part c and d with working notes.

Problem 15-07A a-d The following is taken from the Sheridan Company balance sheet. Sheridan Company Balance Sheet (partial) December 31, 2020 Current Liabilities Interest payable (for 12 months from January 1 to December 31) Long-term Liabilities Bonds payable, 9% due January 1, 2028 Add: Premium on bonds payable $267,300 $2,970,000 246,000 $3,216,000 Interest is payable annually on January 1. The bonds are callable on any annual interest date. Sheridan uses straight-line amortization for any bond premium or discount. From December 31, 2020, the bonds will be outstanding for an additional 10 years (120 months). Journalize the payment of bond interest on January 1, 2021. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Debit Credit Date Account Titles and Explanation Jan. 1, 2021 Interest Expense 267300 Cash 267300 Prepare the entry to amortize bond premium and to accrue the interest due on December 31, 2021. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Dec. 31, 2021 Interest Expense 242700 Premium on Bonds Payable 24600 Interest Payable 267300 SHOW LIST OF ACCOUNTS LINK TO TEXT Assume that on January 1, 2022, after paying interest, Sheridan Company calls bonds having a face value of $1,188,000. The call price is 101. Record the redemption of the bonds. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 1, 2022 Bonds Payable 1188000 Premium on Bonds Payable 553500 Gain on Bond Redemption Cash SHOW LIST OF ACCOUNTS LINK TO TEXT Prepare the adjusting entry at December 31, 2022, to amortize bond premium and to accrue interest on the remaining bonds. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Debit Credit Date Account Titles and Explanation Dec. 31, 2022 Interest Expense Premium on Bonds Payable Interest Payable Click if you would like to Show Work for this question: Open Show Work SHOW LIST OF ACCOUNTS LINK TO TEXT