On January 1, 2020, Crane Company purchased 8% bonds having a maturity value of $440,000, for $477,069.47. The bonds provide the bondholders with a 6% yield. They are dated January 1, 2020, and mature January 1, 2025, with interest received on January 1 of each year. Crane Company uses the effective-interest method to allocate unamortized discount or premium. The bonds are classified in the held-to-maturity category (a) Your answer is correct. Prepare the journal entry at the date of the bond purchase (Enter answers to 2 decimal places, cs. 2,525.25. Credit account titles are outomatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts) Debit Credit Date Account Titles and Explanation 477,069.47 Jan. 1 2020 Debt investments 477,06947 Cash Schedule of Interest Revenue and Bond Premium Amortization Effective-Interest Method c Cash Received Interest Revenue Premium Amortized Date S 1/1/20 $ S 28,624 17 6,576 1/1/21 35.200 28 229.62 6,970 1/1/22 35.200 7.389 1/1/23 35.200 2781100 1/1/24 7832 35.200 27.368.00 8.302 1/1/25 35.200 26.898.14 Prepare the journal entry to record the Interest revenue and the amortization at December 31, 2020. Round answers to 2 decimal places, es 2,525.25. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts) Debit Credit Date Account Titles and Explanation Dec. 31 2020