On January 1, 2024, for $17 million, Monument Company purchased 10 year, 12% bonds, dated January 1, 2024, with a face amount of $20 million. For bonds of similar risk and maturity, the market yield is 14%. Interest is paid semiannually on June 30 and December 31. Required: Prepare the journal entry to record interest on June 30, 2024, using the straight-line method. Prepare the journal entry to record interest on December 31, 2024, using the straight-line method