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Problem - Bonds Issued as at a Premium - ABC Company issued bonds on January 1, 2023. They issued $3,000,000 of 6%,15-year bonds, that pay interest semiannually on June 30 and December 31 . The bonds were issued at a price of $3,060,000. Required (show your work in order to receive credit): 1. For each semiannual period, calculate the cash interest payment. 2. For each semiannual period, calculate the straight-line premium amortization. 3. 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 January 1 journal entry to record the bonds' issuance. 6. Prepare the June 30,2023 . journal entry to record the interest payment and premium amortization. 7. Prepare the December 31, 2023, journal entry to record the interest payment and premium amortization. 8. Prepare the December 31,2038 , journal entry to record repaying the bond principle at maturity