On January 1 2020, Vaughn Company sold 11% bonds having maturity value of $500000 for $518953, which provides the bondholders with a 10% yield. The bonds are dated January 1, 2020 and mature January 1, 2025, with interest payable December 31 of each year. Vaugh Company allocates interest and unamortized discount or premium on the effective-interest basis. Prepare the journal entry to record the interest payment and the amortization for 2020