On June $30,2025,$ William Brown Company issued $$3,340,000\mathrm{.}00$ face value of $14\%,20-$year bonds at $$3,842,540\mathrm{.}00,$ a yield of $12\%.$ Brown uses the effective$-$interest method to amortize bond premium or discount. The bonds pay semiannual interest on June $30$ and December $31.$ a$)$ the issuance of the bonds on June $30,2025.$