On January 1, the first day of the fiscal year, a company issues a $2,050,000, 9%, five-year bond that pays semiannual interest of $92,250 ($2,050,000 9% ), receiving cash of $2,006,440.

Journalize the first interest payment and the amortization of the related bond discount. Round to the nearest dollar. Refer to the Chart of Accounts for exact wording of account titles.