Premium Amortization

On the first day of the fiscal year, a company issues a $5,800,000, 9%, 8-year bond that pays semiannual interest of $261,000 ($5,800,000 9% ), receiving cash of $6,501,457.

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.