Content Area Discount Amortization On the first day of the fiscal year, a company issues a $8,600,000, 7%, 7-year bond that pays semiannual interest of $301,000 ($8,600,000 7% ), receiving cash of $8,145,787. Journalize the first interest payment and the amortization of the related bond discount. Round to the nearest dollar. If an amount box does not require an entry, leave it blank