On the first day of the fiscal year, a company issues a $(n)$ $$344,000,8\%,5-$year bond that pays semiannual interest of $$13,760($$$344,0008\%\frac{1}{2}),$ receiving cash of

$$323,400.$ Journalize the entry for 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.