On January 1,2025, Crane Company purchased $360,000,8% bonds of Aguirre Co. for $332,201. The bonds were purchased to vield 10% interest. Interest is payable semiannually on July 1 and January 1. The bonds mature on January 1, 2030. Crane Company uses the effective-interest method to amortize discount or premium. On January 1,2027, Crane Company sold the bonds for $333,764 after receiving interest to meet its liquidity needs. (c) Prepare the journal entries to record the semiannual interest on July 1, 2025, and December 31, 2025. (d) If the fair value of Aguirre bonds is $335,764 on December 31,2026 , prepare the necessary adjusting entry. (Assume the fair value adjustment balance on December 31,2025 , is a debit of $3,142.) (e) Prepare the journal entry to record the sale of the bonds on January 1, 2027