On January 1, 2022, XYZ Corporation issued $200,000 of 8% bonds due in five years, with interest payable annually on December 31st. The bonds were issued at a premium of $10,000. XYZ uses the effective-interest method to amortize the premium on its bond investments. Show the journal entries for the following transactions:

1. The issuance of the bonds on January 1, 2022
2. The payment of interest on December 31, 2022
3. The amortization of the bond premium on December 31, 2022

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