On the first day of the fiscal year, a company issues a $2,700,000, 8%, 4-year bond that pays semiannual interest of $108,000 ($2,700,000 8% ), receiving cash of $2,525,493. 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.