On January 1, 2019, Drennen Inc. issued $3.6 million face amount of 11-year, 18% stated rate bonds when market interest rates were 16%. The bonds pay semiannual interest each June 30 and December 31 and mature on December 31, 2029. Table 6-4, Table 6-5 (Use appropriate factor from the table provided.)

b-2. Assume instead that the proceeds were $3,553,000. Record the journal entry to show the payment of semiannual interest and the related discount amortization on June 30, 2019, assuming that the discount of $47,000 is amortized on a straight-line basis