On January 1, the first day of the fiscal year, a company issues an $2,750,000,8%, five-year bond that pays semiannual interest of $110,000 ( $2,750,000 8%1/2), recelving cash of $2,938,110. Required: Journalize the first interest payment and the amortization of the related bond premium. Refer to the chart of accounts for the exact wording of the account tities. CNOW joumals do not use lines for joumal explanations. Every line on a journal page is used for debit or credit entries. CNOW joumals will automatically indent a credit entry when a credit amount is entered