Problem 10-07A The following information is taken from Crane Corp.'s balance sheet at December 31, 2021. Current liabilities Interest payable $ 91,200 Long-term liabilities Bonds payable (4%, due January 1, 2032) $2,280,000 Less: Discount on bonds payable 22,800 2,257,200 Interest is payable annually on January 1. The bonds are callable on any annual interest date. Crane uses straight-line amortization for any bond premium discount. From December 31, 2021, the bonds will be outstanding for an additional 10 years (120 months) (a) (1) (c) Journalize the paymerk of bond interest on January 1, 2022 Prepare the entry to amortize bond discount and to accrue the interest on December 31, 2022 Assume on January 1, 2023, after paying interest, that Crane Corp. calls bonds having a face value of $456,000. The call price is 102. Record the redemption of the bonds. Prepare the adjusting entry at December 31, 2023, to amortize bond discount and to accrue interest on the remaining bonds. (d) (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit No. Date (a) Jan. 1 2022 (b) Dec. 31 2022 (c) Jan. 1 2023 (d) Dec. 31 2023 Click if you would like to Show Work for this question: Open Show Work