MACM Corporation received authorization on December 31, Year 1, to issue $2,500,000 of 6%, 10-year bonds. The interest payment dates are June 30 and December 31. All the bonds were issued at a price of 100, plus accrued interest, on February 28, Year 2, two months after the authorization of the bond issue. Prepare the journal entry on June 30, Year 2 to record the first semiannual interest payment on the bonds. SHOW YOUR WORK! Round to the nearest penny