On August 1, 2022, Schumpeter Conglomerates sold $180,000,000 20-year bonds with a coupon rate of 8% paid semi-annually. The market rate for a security of similar risk and maturity is 7%. Schumpeter Conglomerates hired Ivanovs Finance Shack to issue the securities at a cost of 1.25% of the selling price of the security. Attached to each $125,000 bond are six detachable warrants allowing for the purchase of 50 shares of no-par common stock for $10 per share. Each warrant is estimated to have a market value of $22. Record journal entries for the issuance of the bond, the first two interest payments, and any required adjusting entries for the fiscal year ending December 31, 2022.