Problem 14-18 (Algo) Early extinguishment (L014-5) The long-term liability section of Eastern Post Corporation's balance sheet as of December 31, 2020, included 10% bonds having a face amount of $42.0 million and a remaining premium of $6.5 million. On January 1, 2021, Eastern Post retired some of the bonds before their scheduled maturity Required: Prepare the journal entry by Eastern Post to record the redemption of the bonds under each of the independent circumstances below: 1. Eastern Post called half the bonds at the call price of 102 (102% of face amount) 2. Eastern Post repurchased $10.5 million of the bonds on the open market at their market price of $11.0 million Tint Complete this question by entering your answers in the tabs below. rences Required 1 Required 2 Record the entry for redemption of the bonds assuming Eastern Post repurchased $10.5 million of the bonds on the open market at their market price of $11 million. (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.)