Banjo Education Corp. issued a 4%, $130,000 bond that pays interest semiannually each June 30 and December 31. The date of issuance was January 1, 2020. The bonds mature after four years. The market interest rate was 6%. Banjo Education Corp.'s year-end Is December 31. Use TABLE 14A.1 and TABLE 14A.2. (For all the requirements, Use appropriate factor(s) from the tables provided.) Required: Preparation Component: 1. Calculate the issue price of the bond. (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 de") View transaction list Journal entry worksheet Record the sale of bonds on original issue date. Note: Enter debits before credits. Date General Journal Debit Credit January 01, 2020 Cash Discount on bonds payable Bonds payable 150,000 View general journal Record entry Clear entry 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 Cash Interest Paid Period Interest Expense Discount Amort. Unamortized Discount Carrying Value Jan. 1/20 June 30/20 2,600 Dec. 31/20 2,600 June 30/21 2,600 Dec. 31/21 2,600 5. Present the journal entries Banjo would make to record the first two interest payments. (Do not round intermediate calculations Round the final answers to the nearest whole dollar.) Answer is not complete. No 1 Date June 30, 2020 General Journal Debit Credit Bond interest expense Discount on bonds payable Cash 000 2 December 31, 202 Bond interest expense Cash Discount on bonds payable