Proctoring Enabled: Chapter 10 Homework Problems i 6 Legacy issues $325,000 of 5%, four-year bonds dated January 1, 2021, that pay interest semiannually on June 30 and Decemb They are issued at $292,181 when the market rate is 8%. Required: points 1. Prepare the January 1 journal entry to record the bonds' issuance. 2. Complete the below table to calculate the total bond interest expense to be recognized over the bonds' life. 3. Prepare an effective interest amortization table for the bonds' first two years. 4. Prepare the journal entries to record the first two interest payments. Book Complete this question by entering your answers in the tabs below. Print Required 1 Required 2 Required 3 Required 4 References Prepare an effective interest amortization table for the bonds' first two years. Note: Round your intermediate and final answers to the nearest whole dollar. Semiannual Interest Cash Interest Bond Interest Discount Unamortized Period-End Paid Expense Amortization Discount Carrying Value 01/01/2021 $ 32,819 $ 292,181 6/30/2021 $ 8,125 12/31/2021 3,125 06/30/2022 3, 125 12/31/2022 8,125