Premium Amortization On the first day of the fiscal year, a company issues a $4,500,000, 7%, 4-year bond that pays semiannual interest of $157,500 ($4,500,000 x 7% x 1/2), receiving cash of $4,994,471. 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