Shunda Corporation wholesales parts to appliance manufacturers. On January 1, 2014, Shunda Corporation issued $22,000,000 of five-year, 9% bonds at a market (effective) interest rate of 7%, receiving cash of $23,829,684. Interest is payable semiannually. Shunda Corporation's fiscal year begins on January 1. The company uses interest method. A. Journalize the entries to record the following: 1. Sales of the bonds. 2. First semiannual interest payment, including amortization of premium. 3. Second semiannual interest payment, including amortization of premium. B. determine the bond interest expense for the first year.