The following amortization and interest schedule reflects the issuance of 10-year bonds by Crane Corporation on January 1, 2019, and the subsequent interest payments and charges. The company's year-end is December 31, and financial statements are prepared once yearly. Amortization Schedule Amount Carrying Year Cash Interest Unamortized Value 1/1/2019 $15,256 $ 119,744 2019 $13,500 $14,369 14,387 120,613 2020 13,500 14,474 13,413 121,587 2021 13,500 14,590 12,323 122,677 2022 13,500 14,721 11,102 123,898 2023 13,500 14,868 9,734 125,266 2024 13,500 15,032 8,202 126,798 2025 13,500 15,216 6,486 128,514 2026 13,500 15,422 4,564 130,436 2027 13,500 15,652 2,412 132,588 2028 13,500 15,912 135,000a. Indicate whetherthe bonds were issued at a premium or a discount. Discount V b. Indicate whether the amortization schedule is based on the straight-line method or the effective-interest method. Straight-line method V c. Determine the stated interest rate and the effective-interest rate. The stated rate % The effective rate % 1'. On the basis of the schedule above, prepare the journal entry or entries to record the bond transactions and accruals for 2026. Crane Corporation does not use reversing entries. (Record entries in the order displayed in the problem statement. if no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.) Date Account Titles and Explanation Debit Credit