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Required information

$[$The following information applies to the questions displayed below.$]$

On January $1,2022,$ Learned, Incorporated, issued $$105$ million face amount of $20-$year, $14\%$ stated rate bonds when market. interest rates were $16\%.$ The bonds pay interest semiannually each June $30$ and December $31$ and mature on December $31,2041.$ Table $6-4.$ Table $6-5$

Note: Use appropriate factor from the table provided.

b$-2.$ Assume instead that the proceeds were $$108,600,000.$ Record the journal entry to show the payment of semiannual interest and the related premium amortization on June $30,2022,$ assuming that the premium of $$3,600,000$ is amortized on a straight$-$line basis.

Note: Enter your answers in dollars, rather than in millions of dollars. If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field.

$\backslash$table$[[$No$,$Event,General Journal,Debit,Credit,$],[1,1,$Interest expense,,$7,350,000,],[,,$Premium on bonds payable,,$90,000,],[,,$Cash,,,$7,440,0000$M