On January 1, 2019, Hackman Corporation issued $1,200,000 face value 9% bonds dated January 1, 2019, for $1,225,490. The bonds pay interest semiannually on June 30 and December 31 and are due December 31, 2023. Hackman uses the straight-line amortization method. Record the issuance of the bonds and the first two interest payments.