On January $1,2022,$ Splish Brothers Inc. issued $$3,980,000$ face value, $8\%,10-$year bonds at $$3,724,577.$ This price resulted in an effective$-$interest rate of $9\%$ on the bonds. Splish Brothers uses the effective$-$interest method to amortize bond premium or discount. The bonds pay annual interest January $1.$

$($a$)$

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Prepare the journal entry to record the issuance of the bonds on January $1,2022.($Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts.$)$

$\backslash$table$[[$Date$,$Account Titles and Explanation,Debit,Credit$],[\backslash$table$[[$Jan$.],[1],[2022]],,A=,],[$Interest Expense,,$],[",,],[$Discount on Bonds Payable,,$],[,,,]]$