Nicholas Ram Corporation have a $2,100,000 "bond issue" dated March 1, 2016 due in 15 years with an annual interest rate of 8%. Interest is payable March 1 and September 1. On August 1, 2016, the bond was sold for $2,205,000 plus accrued interest.Using the straight-line method, prepare the general journal entries for each of the following:Payment of the semi-annual interest and the amortization of the premium on March 1, 2017.