Marin Corporation issued $$470,400$ of $7\%$ bonds on November $1,2025,$ for $$499,520.$ The bonds were

dated November $1,2025,$ and mature in $8$ years, with interest payable each May $1$ and November $1.$

Marin uses the effective$-$interest method with an effective rate of $6\%.$

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Prepare Marin's December $31,2025,$ adjusting entry. $($Round intermediate calculations to $5$ decimal

places, e$.$g$.1\mathrm{.}25124$ and final answers to $0$ decimal places, e$.$g$.38,548.$ If no entry is required, select $"$No

Entry" for the account titles and enter $0$ for the amounts. Credit account titles are automatically indented

when the amount is entered. Do not indent manually. List all debit entries before credit entries.$)$