On January $1,2020,$ XYZ Co$.$ issued a bond with a $$400,000$ par $($face$)$ value. The bond is a $5-$year bond and will mature on December $31,2025.$ The bond has a contract rate of interest of $5\%$ and interest is paid semi$-$annually on June $30$ and December $31$ of each year. On January $1,2020,$ the market rate of interest for bonds was $6\%.$ The issue price of the bond was $$382,942.$ The journal entry to record issuance of the bond would be: