Banjo Education Corp. issued a 4% $100.000 bond that pays interest semiannually each June 30 and December 31 The date of issuance was January 1, 2017 The bonds mature after four years. The market interest rate was 6% Banjo Education Corp's year-end is December 31. (Use TABLE 14A1 and TABLE 14A2) Required: Preparation Component: 1. Calculate the issue price of the bond. (Use appropriate factor(s) from the tables provided. Round the final answer to the nearest whole dollar.) Issue price of the bond 2. Prepare a general journal entry to record the issuance of the bonds (Do not round intermediate calculations. Round the final answers to the nearest whole dollar.) View transaction list Journal entry worksheet Record the sold bonds on original issue date. Note: Enter debits before credits Date General Journal Debit Credit January 01, 2017 3. Determine the total bond interest expense that will be recognized over the life of these bonds (Do not round intermediate calculations. Round your answer to the nearest whole dollar.) Total bond interest expense 4. Prepare the first two years of an amortization table based on the effective interest method (Do not round intermediate calculations. Round the final answers to the nearest whole dollar. Enter all the amounts as positive values.) Period Ending an interest Period interest Expense Expense Discount Amort. Unamortized Discount Carrying Value Jan 1/17 June 30/17 Dec 31/17 June 30/18 Dec 31/18 5. Present the journal entries Banjo would make to record the first two interest payments. (Do not round interm diate calculations. Round the final answers to the nearest whole dollar. View transaction list Journal entry worksheet Record the six months' interest and discount amortization. Note: Enter debits before credits Date General Journal redit June 30, 2017 Record entry Clear entry View general journal