Campbell Inc, produces and sells outdoor equipment. On July 1, Year 1, Campbell issued $84,400,000 of 10 year, 10% bonds at a market (effective) interest rate of 8%, receiving cash of $95,870,509. Interest on the bonds is payable semiannually on December 31 and June 30. The fiscal year of the company is the calendar year Required: If an amount box does not require an entry, leave it blank. 1. Journalize the entry to record the amount of cash proceeds from the issuance of the bonds on July 1, Year 1. Cash & X Premium on Bonds Payable Bonds Payabile 2. Journalize the entries to record the following: The first semiannual interest payment on December 31, Year 1, and the amortization of the bond premium, using the straight-line method. (Round to the nearest dollar) Interest Expen Premium on Bonds Payable 99