Need help with a and b

QUESTION 3 Cuffe Inc. issued $500,000, callable, 10%, 10-year bonds at 97 on January 2, 2020. Six years later, on December 31, 2025, Cuffe Inc. calls the entire issuance at 102. a) Compute the balance in the premium or discount account on December 31, 2025. Cuffe Inc. uses the straight-line method of amortization. Calculations: b) Prepare the entry to call the bonds on December 31, 2025 (explanation not required). Date Accounts Debit Credit