Pina Corporation sold $2,650,000, 9%, 5-year bonds on January 1, 2022. The bonds were dated January 1, 2022, and pay interest on January 1. Pina Corporation uses the straight-line method to amortize bond premium or discount.

Prepare journal entries to record the issuance of the bonds and bond interest expense for 2022, assuming that the bonds sold at 97. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)