On July 31, 2024, Pharoah Inci issued $475,000 of 5 -year, 4% bonds at 101. Interest is payable semi-annually on July 31 and January 31. Pharoah's fiscal year end is January 31. (a) Is the market rate of interest higher or lower than 4% ? Record the payment of interest on January 31. 2025, assuming the semi-annual amortization amount for this interest period is 5877. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is estered. Do not Indent manually if no entry is required, select "No Entry" for the account tities and enter O for the amounts). The adjusted trial balance for Crane Corporation at July 31, 2024, the corporation's fiscal year end, contained the following: Of the lease liability amount, $14,430 is due within the next year. Total payments on the note payable in the fiscal year 2025 will be $23,976:$6,216 is for interest and $17,760 for principal repayments. (a) Prepare the non-current liabilities section of the balance sheet as at July. 31, 2024. Of the lease liability amount. $14,430 is due within the next year. Total payments on the note payable in the fiscal year 2025 will be $23,976:$6,216 is for interest and $17,760 for principal repayments. (a) Prepare the non-current liabiitities section of the balance sheet as at July 31,2024