On the first day of the fiscal year, a company issues a $2,800,000,6%,6-year bond that pays semiannual interest of $84,000($2,800,0006%1/2), receiving cash of $3,258,117. Using straight-line amortization, journalize the first interest payment and the amortization of the related bond premium. Round to the nearest dollar. If an amount box does not require an entry, leave it blank. Averill Products Inc. reported the following on the company's income statement in 20Y8 and 20Y9: a. Determine the times interest earned ratio for 20Y8 and 20Y9. Round to one decimal place. b. Is the change in the times interest earned ratio favorable or unfavorable? On the first day of the fiscal year, a company issues a $2,800,000,6%,6-year bond that pays semiannual interest of $84,000($2,800,0006%1/2), receiving cash of $3,258,117. Using straight-line amortization, journalize the first interest payment and the amortization of the related bond premium. Round to the nearest dollar. If an amount box does not require an entry, leave it blank. Averill Products Inc. reported the following on the company's income statement in 20Y8 and 20Y9: a. Determine the times interest earned ratio for 20Y8 and 20Y9. Round to one decimal place. b. Is the change in the times interest earned ratio favorable or unfavorable