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

$1/1/2019$ $$15\mathrm{.}056$ $$59\mathrm{.}944$

$2019$ $$8\mathrm{.}250$ $$8\mathrm{.}99214,31460\mathrm{.}686$

$20208\mathrm{.}2509,10313,46161,539$

$20218\mathrm{.}2509,23112\mathrm{.}48062\mathrm{.}520$

$20228\mathrm{.}2509\mathrm{.}37811,35263\mathrm{.}648$

$20238\mathrm{.}2509,54710\mathrm{.}05564\mathrm{.}945$

$20248\mathrm{.}2509\mathrm{.}7428\mathrm{.}56366\mathrm{.}437$

$20258\mathrm{.}2509,9666,84768\mathrm{.}153$

$20268\mathrm{.}25010,2234\mathrm{.}87470\mathrm{.}126$

$20278\mathrm{.}25010\mathrm{.}5192\mathrm{.}60572\mathrm{.}395$

$20288\mathrm{.}25010,85575\mathrm{.}000$

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a$.$ Indicate whether the bonds were issued at a premium or a discount.

b$.$ Indicate whether the amortization schedule is based on the straight$-$line method or the effective$-$interest method.

c$.$ Determine the stated interest rate and the effective$-$interest rate.

The stated rate

The effective rate

d$.$ On the basis of the schedule above, prepare the journal entry to record the issuance of the bonds on January $1,2019.($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.$)$