E15.8 (LO 3) AP Bight Corporation issued $400,000 of 5-year bonds on April 1, 2020. Interest is paid semi-annually on April 1 and October 1. Below is a partial amortization schedule for the first few years of the bond issue. Semi-Annual Interest Bond Amortized Interest Period Payment Interest Expense Amortization Cost Apr. 1. 2020 $418,444 Oct. 1. 2020 $8,000 $6,277 $1,723 416,721 Apr. 1. 2021 8,000 6,251 1,749 414,972 Oct. 1, 2021 8,000 6,225 1,775 413,197 Apr. 1. 2022 8.000 6,198 1,802 411,395 Oct. 1. 2022 8,000 6,171 1,829 409,566 Apr 1, 2023 8,000 6,143 1,857 407,709 Instructions a. Were the bonds issued at a discount or at a premium? b. What is the bonds' face value? c. What will the bonds' amortized cost be at the maturity date? d. What will be the total interest payments over the five-year life of the bonds? Total interest expense? e. Prepare the journal entry to record the issuance of the bond. f. Prepare the journal entry for the first interest payment. g. Prepare the adjusting journal entry on December 31, 2020, assuming this is Bight's year end. h. Prepare the journal entry for the payment of interest on April 1, 2021. Assume no reversing en- tries have been used