On January 1, 2021, Gila Corporation issues $200,000, 5-year, 8% bonds at 105. Interest is paid semiannually on January 1 and July 1. Gila Corporation uses the straight-line method of amortization. The company's fiscal year ends on December 31. The necessary journal entry on January 1, 2022 includes: O a debit to Premium on Bonds Payable of $1,000 O a debit to Interest Payable of $8,000 O a debit to Interest Expense of $7,000 O a credit to Interest Payable of $8,000