I need help on solving for part (b)

Sandhill Inc. issues $5,000,000,5-year, 12% bonds at 101 , with interest payable annually on January 1 . The straight-line method is used to amortize bond premium. (a) Prepare the journal entry to record the sale of these bonds on January 1, 2022. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) \begin{tabular}{|c|c|} \hline Date & Account Titles and Explanation \\ \hline \multirow[t]{3}{*}{ Dec. 31} & Interest Expense \\ \hline & Premium on Bonds Payable \\ \hline & Interest Payable \\ \hline \end{tabular}