On January 1, 2013, Company A issued $2,000,000 of 7% bonds that mature in five years. They were sold at a premium, for a total of $70,450. The bonds pay semiannual interest payments on June 30 and December 31 of each year. What is the journal entry to record the issuance of the bonds? What is the journal entry to record the first interest payment and the amortization of the premium of the bonds using straight line amortization?