On the first day of the fiscal year, a company issues a $533,000,7%, 10-year bond that pays semiannual interest of $18,655 (5533,000 X 7% X 1/2), receiving cash of $559,700. Journalize the entry to record the first interest payment and amortization of premium using the straight-line method. If an amount box does not require an entry, leave it blank. If bonds payable are not callable, the issuing corporation Oa. can exchange them for common stock Ob. must get special permission from the SEC to repurchase them Oc. is more likely to repurchase them if the interest rates increase Od. can repurchase them in the open market