Rodgers Gridiron Co$.$ produces and sells football equipment. On July $1,20$Y$1,$ Rodgers issued $$65,000,000$ of $10-$year, $12\%$ bonds at a market $($effective$)$ interest rate of $10\%,$ receiving cash of $$73,100,469.$ Interest on the bonds is payable semiannually on December $31$ and June $30.$ The fiscal year of the company is the calendar year$\mathrm{.}1$

Required:

For all journal entries, if an amount box does not require an entry, leave it blank.

$1.$ Journalize the entry to record the amount of cash proceeds from the issuance of the bonds.

Journalize the entries to record the following:

$2.$ The first semiannual interest payment on December $31,20$Y$1,$ and the amortization of the bond premium, using the interest method. Round to the nearest dollar.

b$.$ The interest payment on June $30,2021$ and the amortization of the bond premium, using the interest method. Round to the nearest dollar.

$3.$Determine the total interest expense for $20$Y$1.$ Round to the nearest dollar.