Entries for Lssuing Bands and Amortizing Disccunt by Straight-Line Methad On the first day of its fiscal year, Jacinto Company issund $27,400,000 of five-yoar, B\%h bonds to finance its operations of producing and selling home improvement products. Interest is payable semlannually. The bonds were issued at a market (effectsve) interest rate of 9%, resulting in Jecinto Company recelving cash of $26,316,023. a. Jaurnalize the entries to record the following: 1. Issuance of the honds. 2. First semlannual interest payment. The bond discount amortization is combined with the semlannual interest payment. 3. Second semiannual interest payment. The hond discount amortizstion is combinod with the semiannual interest payment. If an amount bex does not require an entry, loave it blank. Round your answers to the nearest dollar. b. Determine the amount of the bond interest expense for the first year; Round your answer to the nearest dollar