1 Required information Use the following information for the Problems below. (Algo) [The following information applies to the questions displayed below.] 5 points Hillside issues $2,300,000 of 8%, 15-year bonds dated January 1, 2021, that pay interest semiannually on June 30 and December 31 Skipped Problem 10-1A (Algo) Straight-Line: Amortization of bond discount LO P2 eBook The bonds are issued at a price of $1,987,457. Ask Print Required: 1. Prepare the January 1 journal entry to record the bonds' issuance. 2(a) For each semiannual period, complete the table below to calculate the cash payment. 216) For each semiannual period, complete the table below to calculate the straight-line discount amortization. 210) For each semiannual period, complete the table below to calculate the bond interest expense. 3. Complete the below table to calculate the total bond interest expense to be recognized over the bonds' life. 4. Prepare the first two years of a straight-line amortization table. 5. Prepare the journal entries to record the first two interest payments. References Complete this question by entering your answers in the tabs below. Req 1 Req 2A to 20 Reg 3 Reg 4 Reg 5 Prepare the January 1 journal entry to record the bonds' issuance. View transaction list Journal entry worksheet Record the issue of bonds with a par value of $2,300,000 on January 1, 2021 at an issue price of $1,987,457. Note: Enter debits before credits General Journal Debit Credit Date January 01 Record entry Clear entry View general journal