On the first day of the fiscal year, a company issues a $3,100,000, 10%, 5-year bond that pays semiannual interest of $155,000 ($3,100,000 10% ), receiving cash of $2,871,837.

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.