Hello, I am having some trouble on the highlighted below. Appreciate the help in advance!

Crane Company issued $646,000,7%,10-year bonds on January 1,2022 , for $693,543. 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) Your answer is correct. Prepare the schedule using effective-interest method to amortize bond premium or discount of Crane. (Round answers to 0 decimal places, e.g. 5,275.) Your answer is partially correct. Prepare the journal entry to record the issuance of the bonds. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)