I need help with these problems On January $1,2025,$ Pina Company issued $\backslash (\backslash$$ $2,200,000\backslash )$ face value, $\backslash (7\backslash \%,10\backslash )-$year bonds at $\backslash (\backslash$$ $2,361,922\backslash ).$ This price resulted in a $\backslash (6\backslash \%\backslash )$ effective$-$interest rate on the bonds. Pina uses the effective$-$interest method to amortize bond premium or discount. The bonds pay annual interest on each January $1.$

$($a$)$

Your answer is correct.

Prepare the journal entries to record the following transactions. $($List all debit entries before credit entries. 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 O for the amount in the relevant debit OR credit box. Entering zero in ALL boxes will result in the question being marked incorrect. Round answers to $0$ decimal places, e$.$g$.125.)$

$1.$ The issuance of the bonds on January $1,2025.$

$2.$ Accrual of interest and amortization of the premium on December $31,2025.$

$3.$ The payment of interest on January $1,2026.$

$4.$ Accrual of interest and amortization of the premium on December $31,2026.$ Show the proper long$-$term liabilities balance sheet presentation for the liability for bonds payable at December $31,2026.($Round answers to $\backslash ($ O $\backslash )$ decimal places, e$.$g$.125.)$

PINA COMPANY

Balance Sheet $($Partial$)$

December $31,2026$

Long$-$term Liabilities

Bonds Payable

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Premium on Bonds Payable $\backslash$$