Prepare the first two years of an amortization table using the straight-line method Prepare the journal entries to record the first two interest payments Ellis issues 8.5%, five-year bonds dated January 1, 2013,with a $490,000 par value. The bonds pay interest on June 30 and December 31 and are issued at a price of $542,247. The annual market rate is 6% on the issue date. Complete the below table to calculate the total bond interest expense over the bonds' life. Prepare a straight-line amortization table for the bonds life