On July 1, 2012, Hallo Corporation, a wholesaler of communication equipment, issued $34,000,000 of20-year, 12% bonds at a market interest rate of 13%, receiving cash of $31,595,241. Interest on the bonds is payable semiannually on December 31 and June 30. The fiscal year of the company is the calendar year. Instructions 1. Journalize the entry to record the amount of cash proceeds from the sale of the bonds. 2. Journalize the entries to record the first semiannual interest payment on December 31, 2012, and the amortization of the bond discount, using the straight-line method. (Round to the nearest dollar.)