Instructions Problems: 10-4A and 10-9A: These two problems are to be submitted in Excel properly formatted. The report headings should be centered and the numbers should be formatted using the dollar format or comma format as appropriate. No decimal places for pennies should be included in the formats. Problem 10-4A Straight-Line: Amortization of bond discount 4 P2 Legacy issues $325,000 of 5%, four-year bonds dated January 1, 2021, that pay interest semiannually on June 30 and December 31 . They are issued at $292,181 when the market rate is 8%. Required 1. Prepare the January 1 journal entry to record the bonds' issuance. 2. Determine the total bond interest expense to be recognized over the bonds' life. Check (2) 597.819 3. Prepare a straight-line amortization table like the offe in Exhibit 10.7 for the bonds' first two years. 4. Prepare the journal entries to record the first two interest payments. Problem 10-9A AB Effective Interest: Amortization of bond discount P5 Refer to the bond details in (5) Problem 10-4A. Required 1. Prepare the January 1 journal entry to record the bonds' issuance. 2. Determine the total bond interest expense to be recognized over the bonds' life. Check (2) 597,819 3. Prepare an effective interest amortization table like the one in [S Exhibit 10B.1 for the bonds' first two years. (3) 12/31/2022 carrying value, $307,308 4. Prepare the journal entries to record the first two interest payments