Pretzelmania, Incorporated, issues $6\%,10-$year bonds with a face amount of $$66,000$ for $$61,310$ on January $1,2026.$ The market interest rate for bonds of similar risk and maturity is $7\%.$ Interest is paid semiannually on June $30$ and December $31.$

Required:

How will the issuance of the bonds on January $1$ and the first interest payment on June $30,2026,$ affect the financial statements? Complete this question by entering your answers in the tabs below.

Jan $1$

How will the issuance of the bonds on January $1,2026,$ affect the financial statements?

Note: Do not round your intermediate calculations. Round final answers to the nearest whole dollar. Amounts to be deducted should be

indicated by a minus sign. Jan $1$

June $30$

How will the first interest payment on June $30,2026,$ affect the financial statements?

Note: Do not round your intermediate calculations. Round final answers to the nearest whole dollar. Amounts to be deducted should be

indicated by a minus sign.