Required information Use the following information for the Problems below. (Algo) [The following information applies to the questions displayed below] Hillside issues $2,100,000 of 5%, 15-year bonds dated January 1, 2021, that pay interest semiannually on J December 31. Problem 14-1A (Algo) Straight-Line: Amortization of bond discount LO P2 The bonds are issued at a price of $1,814,635. 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. 2(b) For each semiannual period, complete the table below to calculate the straight-line discount amortization. 2(c) 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. 4 Complete this question by entering your answers in the tabs below. Req 1 Req 2A to 2C Req 3 Req 4 Req 5 Prepare the January 1 journal entry to record the bonds' issuance. View transaction list View journal entry worksheet No 1 Date January 01 General Journal Debit Credit Cash Premium on bonds payable Bonds payable