Required information [The following information applies to the questions displayed below.] Duval Company issues four-year bonds with a $109,000 par value on January 1,2021 , at a price of $104,910. The annual contract rate is 5%, and interest is paid semiannually on June 30 and December 31 . 2. Prepare journal entries to record the first two interest payments. (Round your answers to the nearest dollar amount.)