On January $1,2025.$ Cullumber Technical Inc. issues a $5-$veac, $6$ K foxd$-$rate intereit only, nonprepayable $$5,250,000$ nobe with interest payable on lune $30$ and Decenber $31$ of each yeir. the swap contract increased $$127,000.$

$($a$)$ Prepare the journal entry to record the payment of inferest experse on June $30,2025.$

$($b$)$ Presare the iournal entry to record the recelot of the swap setriement on hune $302025$

$($c$)$ Prepare the journal entry to record the change in the fair value of the swap conbract on lune $30\mathrm{.}2025.$

$($d$)$ Prepare the journal entry to record the change in the fair value of the debt on June $30,2025.$ entries before credit entries$)$

No$.$ Account Titles and Explanation

Debit

Credit

$($a$)$

$$

$$

$$

$$

$$

$(0)$

$$

$$