Imai Company issued a $1 million bond that matures in five \ears. The bond has a 10 percent stated rate of interest. When the bond was issued, the market rate was 8 percent. The bond pa\s interest twice per year on June 30 and December 31. Record the issuance of the bond on June 30. Notice that the company received more than SI million when it issued the bond. How will this premium affect future income and future cash flows?