1. J. K. G. H. F. Prepare an amortization schedule at the issuance of the bond and for the next 4 interest payments. using the format below. 1/1/22 - Issue Date 6/30/22 12/31/22 6/30/23 12/31/23 Cash Interest Payment Bond Interest Expense Amortized Unamortized Assuming the facts above, prepare the journal entry for the 1st interest payment on the bonds. Show how the bond will look on the 12/31/22 balance sheet. Assuming the facts above, prepare the journal entry for the 2nd interest payment on the bonds. Bond Carrying Value Prepare the journal entry at the end of the bond's life (to 'extinguish the bond). How much interest expense will be recognized over the life of the bond? 4. BONDS ISSUED AT Legacy issues $325,000 of 5%, four-year bonds dated January 1, 2022, that pay interest semiannually on 6/30 and 12/31. The market rate is 8% at the time of issuance of the bonds. Answer the following questions. A. From the information above, we know that the bonds were sold at (circle one): B. C. D. E. At premium How much cash proceeds will Legacy Inc. receive when they issue the bonds? CASH FLOW Par value of the bond Semiannual interest payment Price of the bond TABLE PV FACTOR n = R = At discount R = At par AMOUNT n=lemustnitsagera sveds er in somatos PV Assuming the facts above, prepare the journal entry for the issuance of the bonds. At issuance of the bond, show how the bond will look on the balance sheet as of 1/1/22. How many times will the journal entry for the interest payment be made over the life of the bond?