On June $30,2025,$ Donald Martin Company issued $\backslash$$$3,270,000\mathrm{.}00$ face value of $13\backslash \%,20-$year bonds at $\backslash$$$3,516,000\mathrm{.}00,$ a yield of $\backslash (12\backslash \%\backslash ).$ Martin uses the effective$-$interest method to amortize bond premium or discount. The bonds pay semiannual interest on June $30$ and December $31.$

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$($a$)$

Prepare the journal entries to record the following transactions. $($Round answer to $2$ decimal places, e$.$g$.38,548\mathrm{.}25.$ If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.$)$

$1.$ The issuance of the bonds on June $30,2025.$

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

$3.$ The payment of interest and the amortization of the premium on June $30,2026.$

$4.$ The payment of interest and the amortization of the premium on December $31,2026.($b$)$

Show the proper balance sheet presentation for the liability for bonds payable on the December $31,2026,$ balance sheet. $($Round answers to $2$ decimal places, e$.$g$.38,548\mathrm{.}25.)$

Martin Company Balance Sheet

December $31,2026$

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