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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.

Note: Enter decreases with a minus sign to indicate a negative financial statement effect. Enter your answers in dollars, rather than in millions of dollars.