On January 1, 2009, a company issued and sold a $450,000, 10%, 10-year bond payable, and received proceeds of 393,000. Interest is payable each June 30 and December 31. The company uses the straight-line method to amortize the discount. The journal entry to record the first interest payment is: Bond Interest Expense 22,500 Discount on Bonds Payable 2,850 Cash 25,350 Bond Interest Expense 45,000 Cash 45,000 Bond Interest Expense 19,650 Discount on Bonds Payable 2,850 Cash 22,500 Bond Interest Expense 22,500 Cash 22,500 Bond Interest Expense 25,350 Cash 22,500 Discount on Bonds Payable 2,850 <