Connect https/ ion.com/flow/connect.html ective Interest Amortization Problem 14-9AB Effective Interest: Amortization of bond premium; computing bond price LO P1, P6 Ells issues 75%, five-year bonds dated Jan ary 1, 2017, with a S440,000 par value 31 and are issued at a price of S468152 The annual market rate is 6% on the issue date. aable B. (Use appropriate factors) from the tables provided.) The bonds pay interest on June 30 and December lable 21 bleBI and lableas Required: 1. Compute the total bond interest expense over the bonds'lide 2. Prepare an effective interest amortization table for the bonds' lIife 3. Prepare the journal entries to record the first two interest payments rket rate at issuance to compute the present value of the remaining cash flows for these bonds as of December 31, 2019 Complete this question by entering your answers in the tabs below. Required 1Required 2 Required 3 Required Compute the total bond interest expense over the bonds life. Amount repaid S 165 payments of Par value at maturity 16 506,000 Total repaid Less armount borrowed Total bond interest expense