Ellis Company issues 7.0%, five-year bonds dated January 1, 2019, with a $510,000 par value. The bonds pay interest on June 30 and December 31 and are issued at a price of $531,752. The annual market rate is 6% 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. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare a straight-line amortization table for the bonds' life. Semiannual Period-End Carrying Value 01/01/2019 Unamortized Premium $ 21,752$ 19,855 x 531,752 06/30/2019 529,855 12/31/2019 17,900 X 527,900 Required 1 Required 2 Required 3 Prepare a straight-line amortization table for the bon $ Semiannual Period-End 01/01/2019 06/30/2019 12/31/2019 06/30/2020 12/31/2020 06/30/2021 12/31/2021 06/30/2022 12/31/2022 06/30/2023 Unamortized Premium $ 21,752 $ 19,855 17,900 X 15,887 % 13,814 X 11,678 % 9,479 7,213 4,879 2,704 Carrying Value 531,752 529,855 527,900 525,887 523,814 521,678 519,479 517,213 514,879 512,704 510,000 12/31/2023 0 Required 1 Required 2 Required 3 Prepare the journal entries to record the first two interest payments. No Date Credit 1 > June 30 General Journal Bond interest expense Premium on bonds payable Cash Debit 15,953 1,897 17,850 2 December 31 Bond interest expense Premium on bonds payable Cash 15,896 1,954 > 17,850