Ivanhoe Company issued $$740,000,11\%,10-$year bonds on December $31,2021,$for $$670,000.$ Interest is payable annually on December $31.$ Ivanhoe Company uses the straight$-$line method to amortize bond premium or discount. $($A$)$ Prepare the journal entry to record the issuance of the bonds. $($b$)$ prepare the journal entry to record the payment of interest and the discount amortization on December $31,2022.$