Grocery Corporation received $$316,530$ for $8\mathrm{.}00$ percent bonds issued on January $1,2021,$ at a market interest rate of $5\mathrm{.}00$ percent. The bonds had a total face value of $$257,000,$ stated that interest would be paid each December $31,$ and stated that they mature in $10$ years. Assume Grocery Corporation uses the effective$-$interest method to amortize the bond premium. Required:$1.$ & $2.$ Prepare the required journal entries to record the bond issuance and the first interest payment on December $31.($If no entry is required for a transaction$/$event$,$ select $"$No Journal Entry Required" in the first account field. Round your answers to the nearest whole dollar.$)$