On January 1, 2025, Crane Technical Inc. issues a 5 -year, 6% fixed-rate interest only, nonprepayable $5,120,000 note with interest payable on June 30 and December 31 of each year. Crane decides to change the interest rate from a fixed rate to variable rate and enters into a swap agreement with Last Bank Financial. The swap agreement specifies that Crane will receive a fixed rate at 6% and pay variable with settlement dates that match the interest payments on the debt. Assume that interest rates have increased during 2025 and that Crane paid $38.800 as an adjustment to interest expense for the settlement at June 30,2025 . The gain related to the debt (due to interest rate changes) was $124,600. The value of the obligation under the swap contract increased $124,600. (a) Prepare the journal entry to record the payment of interest expense on June 30,2025. (b) Prepare the journal entry to record the receipt of the swap settlement on June 30, 2025. (c) Prepare the journal entry to record the change in the fair value of the swap contract on June 30,2025. (d) Prepare the journal entry to record the change in the fair value of the debt on June 30, 2025. (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.) No. Account Titles and Explanation (a) Interest Expense Cash (b) Interest Expense Cash (c) Swap Contract Unrealized Holding Gain or Loss-Income (d) Debit Notes 124600