clarkson inc. has $400,000 of 12% bonds, callable at 102, with a remaining 10 year term, and interest payable semiannually. The bonds are currently valued on the books at $384,000, and the company has already made the interest payment and adjustment for amortization of any premium or discount. Similar bonds can be marketed currently at 10% and would sell at par. Give the journal entries to retire the old debt and issue $400,000 of new 10% bonds at par