Salt foods purchases forty $1,000, 7%, 10-year bonds issued by pretzelmania, incorporated, for $37,282 on january 1. The market interest rate for bonds of similar risk and maturity is 8%. Salt foods receives interest semiannually on june 30 and december 31. 1. & 2. Record the necessary entries regarding the bonds. (if no entry is required for a particular transaction/event, select "no journal entry required" in the first account field. Round your answers to the nearest whole number. ).