Required information [The following information applies to the questions displayed below.] Park Corporation is planning to issue bonds with a face value of $790,000 and a coupon rate of 7.5 percent. The bonds mature in 6 years and pay interest semiannually every June 30 and December 31 . All of the bonds were sold on January 1 of this year. Park uses the effective-interest amortization method and does not use a discount account. Assume an annual market rate of interest of 8.5 percent. (FV of $1,PV of $1,FVA of $1, and PVA of $1 ) (Use the appropriate factor(s) from the tables provided.) . Prepare the journal entry to record the interest payment on June 30 of this year. (If no entry is required for a transaction/event, ielect "No journal entry required" in the first account field. Round your final answer to whole dollars.) Answer is complete but not entirely correct