On the first day of the fiscal year, a company issues a $2, 600,000, 6%, 8-year bond that pays semiannual interest of $78,000 ($2, 600,000 times 6% times 1/2), receiving cash of $2, 297,042. 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