On the first day of the fiscal year, a company issues a $4,400,000,11%,6-year bond that pays semiannual interest of $242,000 ( $4,400,00011%1/2), receiving cash of $4,215,556. Journalize the first interest payment and the amortization of the related bond discount. Round to the nearest dollar. If an amount box does not require an entry, leave it blank