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On January $1,2022,$ Drennen, Incorporated, issued $$4\mathrm{.}1$ million face amount of $7-$year, $14\%$ stated rate bonds when market interest rates were $12\%.$ The bonds pay semiannual interest each June $30$ and December $31$ and mature on December $31,2025.$ Table $6-4,$ Table $6-5$

Note: Use appropriate factor from the table provided.

b$-1.$ Assume instead that the proceeds were $$4,068,000.$ Use the horizontal model to record the payment of semiannual interest and the related discount amortization on June $30,2022,$ assuming that the discount of $$32,000$ is amortized on a straight$-$line basis.ine