Blossom Corporation issued $5010000 of bonds at face value on January 1, 2024. Blossom chose the fair value option for these bonds. At December 31, 2024, the value of the bonds is now $4509000 because the market interest rates have increased. The entry on Blossom's books would include a debit to Bonds Payable of $501000 a credit to Premium on Bond Payable of $501000 No entry would be made a debit to Unrealized Holding Gain of $501000 eTextbook and Media