Required information Use the following information for the Problems below. (Algo) [The following information applies to the questions displayed below]. Hillside issues $2,500,000 of 6%, 15-year bonds dated January 1, 2021, that pay interest semiannually on June 30 and December 31. Problem 10-2A (Algo) Straight-Line: Amortization of bond premium LO P3 The bonds are issued at a price of $3,059,990. 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. 2ibi For each semiannual Deriod comolete the table below to calculate the straioht-line oremium amortization Problem 10-2A (Algo) Straight-Line: Amortization of bond premium LO P3 The bonds are issued at a price of $3,059,990. 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 premium 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 poyments. Complete this question by entering your answers in the tabs below. Record the issue of bonds with a par value of $2,500,000 on January 1,2021 at an issue price of $3,059,990. Note: Enter debsits before cedits. For each semiannual period, compute (a) the cash payment, (b) the straight-line premium amortization, and (c) the bond interest expens answers to the nearest whole dollar) compuete mus question vy entering your answers in rne caps deiow. Complete the below table to calculate the total bond interest expense to be recognized over the bonds' hfe. Compiete tnis question by entering your answers in the tans deiow. Prepare the first two years of a straight-line amortization table. (Round your intermediate and final answers to the nearest whole dollar.) (1) Required information 23