Venezuela co. is building a new hockey arena at a cost of $2,500,000. it received a downpayment of $500,000 from local businesses to support the project, and now needs to borrow $2,000,000 to complete the project. it therefore decides to issue $2,000,000 of 10.5%, 10-year bonds. these bonds were issued on january 1, 2019, and pay interest annually on each january 1. the bonds yield 10%. instructions a. prepare the journal entry to record the issuance of the bonds on january 1, 2019. b. prepare a bond amortization schedule up to and including january 1, 2023, using the effective-interest method. c. assume that on july 1, 2022, venezuela co. redeems half of the bonds at a cost of $1,065,000 plus accrued interest. prepare the journal entry to record this redemption.