A company issued 10%, 5-year bonds with a par value of $2,000,000, on January 1, 2005. Interest is to be paid semiannually each June 30 and December 31. The bonds were sold at $2,162,290 to yield the buyers an 8% annual return. The company uses the effective interest method of amortization. (1)prepare the journal entry to record the first semiannual interest payment