Debt Issued at a Premium (Straight Line) On January 1, 2024, Katia Crafts issued 80,000, 6-year bonds with $1,000 face value. External markets value the bonds at $840,000 more than face value. The stated rate of interest on Katia's bonds is 7%, and interest is paid annually on December 31. Required: Prepare the necessary journal entry on December 31, 2025, assuming the straight-line method is followed. If an amount box does not require an entry, leave it blank. Dec. 31