[The following information applies to the questions displayed below.] On January 1, 2022, Learned, Incorporated, issued $105 million face amount of 20-year, 14% stated rate bonds when market interest rates were 16%. The bonds pay interest semiannually each June 30 and December 31 and mature on December 31, 2041. Table 6-4, Table 6-5 Note: Use appropriate factor from the table provided.

b-1. Assume instead that the proceeds were $108,600,000. Use the horizontal model to record the payment of semiannual interest and the related premium amortization on June 30, 2022, assuming that the premium of $3,600,000 is amortized on a straight-line basis.

I really need to know how to calculate the premium on bonds payable and the interest expense! Please help