Crane Led. issued a $700,000, 10-year bond dated January 1, 2023. The bond was sold to yield 12%% effective interest. The bond paid 10% interest on January 1 and July 1 each year. The company's year-end was December 31, and Crane followed IFRS. Using 1. factor Tables 2. a financial calculator, or 3. Excel function PV, calculate the amount received for the bond, and any discount or premium on the bond Click here to view the factor table PRESENT VALUE OF 1. Click here to view the factor table PRESENT VALUE OF AN ORDINARY ANNUITY OF 1. (Round present value factor calculations to 5 decimal places, e.g. 1.25124 and final answers to O decimal places e.g. 58,971.) Proceeds from sale of bond $ 519711 Discount on bond $ 80289 Prepare the journal entries for above transactions. (Round answers to O decimal places, e.g. 5,275. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. List all debit entries before credit entries.) te Account Titles and Explanation Debit Credit 023 Cash 619706 Bonds Payable 80294 Bonds Payable 700000 Interest Expense 37182 Cash 35000 Bonds Payable 2182 1 2023 Bonds Payable 700000 Cash 700000