On the first day of the fiscal year, a company issues a $1,200,000, 12%, 9-year bond that pays semiannual interest of $72,000 ($1,200,000 12% ), receiving cash of $1,267,477. 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.