Premium Amortization On the first day of the fiscal year, a company issues a $5,900,000, 9%, 10-year bond that pays semiannual interest of $265,500 ($5,900,000 * 9% x 12), receiving cash of $7,216,657. 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