Problem 5: Pests No More, LLC issues 8%, 20-year bonds with a par value of $500,000 on January 2 when the market rate is 9%. The company pays interest semi-annually on June 30 and December 31. The company received $480,000 at issuance. Prepare the journal entries to record the issuance of the bond and the first interest_payment using straight-line amortization. (Round to the dollar) (10 points)