On the first day of the fiscal year, a company issues an $899,000,8%, 5year bond that pays semiannual interest of $35,960 ( 5899,0008%1/2 ), recelving cash of \$845, 100. Joumalize the entry to record the first interest payment and the amortization of the related bond discount using the straight-line method. If an amount box does not require an entry, leave it blank