On January 1, 2021, Super Junior Inc. issued $700,000, 15-year, 5% bonds at 102. The issuance cost from the broker was $51,000 and the net proceeds were paid to Super Junior Inc. in cash. The bonds require interest payments annually every December 31. Super Junior Inc. follows ASPE and amortizes the bond discount or premium using the straight-line method (ie: uses the amortized cost method of valuation). Prepare the entries for: a). The bond issuance b). The first interest payment and amortization