Crane Company issued $228,000, 7%, 10-year bonds on January 1, 2022, for $244,780. This price resulted in an effective-interest rate of 6% on the bonds. Interest is payable annually on January 1. Crane uses the effective-interest method to amortize bond premium or discount. (a1) Prepare the schedule using effective-interest method to amortize bond premium or discount of Crane. (Round answers to O decimal places, e.g. 5,275) Interest Periods Interest to Be Paid Interest Expense to Be Recorded Issue $ date $ Premium Amortization Unamortiz Premium 1 2