Banshee Ltd issues $$12$ million in $8-$year, $8\%,$ semi$-$annual coupon debentures. The rate of return required by the market is $12\%.$ What is the journal entry to record the first payment of interest assuming that Banshee uses the effective$-$interest method to amortise any discount or premium $($round to the nearest dollar$)?$

$\backslash$table$[[Dr,$Interest expense,$574475,],[Cr,$Debentures,,$94475],[Cr,$Cash,,$480000]]$

$\backslash$table$[[Dr,$Interest expense,$385525,],[Dr,$Debentures,$94475,],[Cr,$Cash,,$480000]]$

$\backslash$table$[[Dr,$Interest expense,$636597,],[Cr,$Debentures,,$156597],[Cr,$Cash,,$480000]]$

$\backslash$table$[[Dr,$Interest expense,$323403,],[Dr,$Debentures,$156597,],[Cr,$Cash,,$480000]]$