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On January $1,2020,$ Crane Industries Ltd$.$ issued $2,090,000$ face value, $4\%,10-$year bonds at $1,928,616.$ This price resulted in an

effective$-$interest rate of $5\%$ on the bonds. Crane uses the effective$-$interest method to amortize bond premium or discount The

bonds pay annual interest on January $1.$

Prepare the journal entry to record the issuance of the bonds on January $1,2020.($Credit account titles are automatically indented

when amount is entered. Do not indent manually,

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Prepare an amortization table through December $31,2022($three interest periods$)$ for this bond issue. $($Round answers to $0$ decimal

places, e$.$g$.15,250.$

Prepare the journal entry to record the accrual of interest and the amortization of the discount on December $31,2020.($Round

answers to $0$ decimal places, e$.$g$.15,250.$ Credit account titles are automatically indented when amount is entered. Do not indent

manually.$)$

Prepare the journal entry to record the payment of interest on January $1,2021.($Round answers to $0$ decimal places, e$.$g$.15,250,$

Credit account titles are automatically indented when amount is entered. Do not indent manually.$)$