On January 1, 2020, Crane Corporation purchased a newly issued $1,300,000 bond. The band matured on December 31, 2022, and paid interest at every June 30 and December 31. The market interest rate was 8%. Crane's fiscal year end is October 31, and the company had the intention and ability to hold the bond until it maturity date. The bond will be accounted using the amortized cost model. Click here to view the factor table PRESENT VALUE OF 1. Click here to view the factor table PRESENT VALUE OF AN ANNUITY OF 1. Calculate the price paid for the bond using a financial calculator or Excel functions. (Round answers to 2 decimal places, ... 52.15.) PV 1231852.22 SHOW LIST OF ACCOUNTS LINK TO TEXT Prepare an amortization schedule for the bond. (Round answers to 2 decimal places, ed. 52.25.) Cash Received Interest Revenue Discount Amortization Amortized cost (Present Value) Date 1231852.22 Jan 1, 2020 June 30, 2020 39000 49274.09 10274.09 1242126.31 Dec 31, 2020 39000 49685.05 PM Prepare an amortization schedule for the bond. (Round answers to 2 decimal places, e.g. 52.75.) Date Cash Received Interest Revenue Discount Amortization Amortized Cost (Present Value) Jan 1, 2020 $ 1231852.22 June 30, 2020 $ 39000 49274.09 10274.09 1242126,31 Dec 31, 2020 39000 49685.05 June 30, 2021 39000 ly Dec 31, 2021 39000 June 30, 2022 39000 Dec. 31, 2022 39000 234000 Prepare the journal entries on the books of Crane Corporation for each of the following datet. (Round answers to 7 decimal placet, 6.9.52.7. Cred consente automatically indented when the amount is entered. Do not indent manually. If no entry is required, sevect"No Entry" for the account titles and enter for the amounts.) January 1, 2020 June 30, 2020 October 31, 2020 December 31, 2020 December 31, 2022 (two entries) one for interest and one for maturity of bond Debit Credit Date Account Titles and Explanation v June 30, 2020 Oct 31, 2020 Dec 31, 2020 Dec. 31, 2020 Dec. 31, 2022 (To record collection of interest.) Dec 31, 2022 (To record maturity of bond.)