Exercise 10-23 (Part Level Submission) Crane Company issued $465,000, 7%, 10-year bonds on January 1, 2017, for $499,225. 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. (al) Prepare the schedule using effective-interest method to amortize bond premium or discount of Crane Company. (Round answers to 0 decimal places, e.g. 125.) Interest Interest to Interest Expense Premium Unamortized Bond Periods Be Paid to Be Recorded Amortization Premium Carrying Value Issue date 465000 1 32550 2 32550