Discount Amortization On the first day of the fiscal year, a company issues a $7,900,000,11%,4-year bond that pays semiannual interest of $434,500 ( $7,900,00011%12), receiving cash of $7,192,401. 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