Amortize Pramium by interest Method Shunda Corporation wholesales parts to oppliance manufacturers. On January 1, Year 1, Shunda Corpenation iweued s22;,000,po0, of five-year, 9% bonds at a market (effective) interest rote of 7%, recelving cash of 323,029,564. intarest is payabie anmiannua? Shunda Corporation's fiscal year begins on January 1. The company uses the interest mathod. a. Joumalize the entries to record the following: 1. Sale of the bonds. Round amounts to the nearest dollar, If an amount bok dons not require an entry, laave it biank: 2. First semiannusi interest payment, including amortization of premium, Round to the neareat dallar. If an amount kar doas not require an entry, leave it blank