Park Corporation is planning to issue bonds with a face value of $$2,014,000$ and a coupon rate of $10$ percent. The bonds mature in $10$ years and pay interest semiannually every June $30$ and December $31.$ All of the bonds were sold on January $1$ of this year. Park uses the effective$-$interest amortization method and does not use a premium account. Assume an annual market rate of interest of $8\mathrm{.}5$ percent.What bonds payable amount will Park report on its June $30$ balance sheet?

Note: Round your intermediate calculations and final answers to whole dollars. $1.$ Prepare the journal entry to record the issuance of the bonds and the interest payment on June $30$ of this year.

$2.$ What bonds payable amount will Park report on its June $30$ balance sheet?