On January 1,2025, Crane Industries Inc, issued a $98,000,7% bond due in 10 years with interest payable each January 1 and July 1. The effective interest rate is 9%. Determine the discount or premium on the bond. (For calculation purposes, use 5 decimal places as displayed in the factor table provided, e.g. 1.25124 and final answer to 0 decimal places, eg. 5,275 .) on the bond $ Prepare the journal entry for the bond issue. (Credit account titles are automatically indented when the 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. List debit entry before credit entry.)