Elis Issues 8.5%, five-year bonds dated January 1, 2018, with a $420,000 par value. The bonds pay interest on June 30 and December 31 and are issued at a price of $428,517. The annual market rate is 8% on the issue date. Required: 1. Complete the below table to calculate the total bond interest expense over the bonds' life. 2. Prepare a straight-line amortization table for the bonds' life. 3. Prepare the journal entries to record the first two interest payments. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Complete the below table to calculate the total bond Interest expense over the bonds life Total bond interest expense over life of bonds! Amount repaid payments of Par value at maturity Total ropald Loss amount borrowed Total bond Interest expense Required 2 > Elis issues 8.5%, five-year bonds dated January 1, 2018, with a $420,000 par value. The bonds pay interest on June 30 and December 31 and are issued at a price of $428,517. The annual market rate is 8% on the issue date. Required: 1. Complete the below table to calculate the total bond interest expense over the bonds' life. 2. Prepare a straight-line amortization table for the bonds' life. 3. Prepare the journal entries to record the first two interest payments. Complete this question by entering your answers in the tabs below. Required 1 Rebuired 2 Required 3 Prepare a straight-line amortization table for the bonds' life, Semiannual Interest Unamortized Period-End Premium Carrying Value 01/01/2018 06/30/2018 12/31/2018 06/30/2019 12/31/2019 06/30/2020 12/31/2020 06/30/2021 12/31/2021 06/30/2022 12/31/2022 Ellis issues 8.5%, five-year bonds dated January 1, 2018, with a $420,000 par value. The bonds pay interest on June 30 and December 31 and are issued at a price of $428,517. The annual market rate is 8% on the issue date. Required: 1. Complete the below table to calculate the total bond interest expense over the bonds' life. 2. Prepare a straight-line amortization table for the bonds' life. 3. Prepare the journal entries to record the first two interest payments Complete this question by entering your answers in the tabs below. Required 1 Required 2 Reqired 3 Prepare the journal entries to record the first two interest payments. View transaction list Journal entry worksheet