Banjo Education Corp. issued a 4%, $50,000 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 14A1 and TABLE 142.2 (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.) so price of the bord 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 to Journal entry worksheet 1 Rerned the sale of hands on erini aldate 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 Pald Period interest Expense Discount Amort Unamortized Discount Carrying Value Jan. 1/20 June 30/20 Dec 31/20 June 30/21 Dec 31/21 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) View transaction list Journal entry worksheet 2 1 Record the six months interest and discount amortization, Note: Enter debits before credits Date General Journal Dobit Credit June 30, 2020 Recordanty Concept Want Lloren