Exercise 9-75 (Algorithmic; Interest Payments and Interest Expense for Bonds (Straight Line) On December 31, 2013, Harrington Corporation sold $100,000 of 15-year, 11% bonds. The bonds sold for $96,000 and pay interest semiannually on June 30 and December 31. Required: Prepare the journal entry to record the sale of the bonds. If an amount box does not require an entry, leave it blank. Calculate the amount of the cash semiannual interest payment. Round your answer to the nearest whole dollar, if required. Prepare the entry at June 30, 2014, to recognize the payment of interest and interest expense. Round your answers to the nearest whole dollar, if required. If an amount box does not require an entry, leave it blank. Calculate the annual interest expense for 2014. Round your answer to the nearest whole dollar, if required