Haulem Equipment Inc. issued $73 million in 20-year bonds to finance the expansion of its school bus manufacturing operations in Winnipeg. The bonds pay 6% interest semi-annually and were issued at 80.207 to yield 8%. Prepare the journal entries to record the first two interest payments. Ignore year-end accruals of interest. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Round answers to O decimal places, e.g. 1,525.) Account Titles and Explanation Debit Credit First interest Interest Expense Notes Payable Cash 2190000 Second interest Interest Expense Notes Payable Cash 2190000 Calculate the carrying value of the bonds one year after issuance (that is, after the second semi-annual payment). (Round answer to O decimal places, e.g. 1,525.) Carrying Value of the Bonds One Year after Issuance