Problem 14-15 (Static) Early extinguishment; effective interest [LO14-5] The long-term liability section of Twin Digital Corporation's balance sheet as of December 31,2023 , included 12% bonds having a face amount of $20 million and a remaining discount of $1 million. Disclosure notes indicate the bonds were issued to yield 14%. Interest expense is recorded at the effective interest rate and paid on January 1 and July 1 of each year. On July 1, 2024, Twin Digital retired the bonds at 102 ( $20.4 million) before their scheduled maturity. Required: 1. \& 2. Prepare the necessary journal entries by Twin Digital on July 1, 2024. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in whole dollars. Journal entry worksheet 12 Record the semiannual interest. Wote: Enter devits berore redits