Ellis Company issues $8\mathrm{.}0\%,$ five$-$year bonds dated January $1,2020,$ with a $$530,000$ par value. The bonds pay interest on June $30$ and

December $31$ and are issued at a price of $$575,210.$ The annual market rate is $6\%$ on the issue date.

Required:

Calculate the total bond interest expense over the bonds' life.

Prepare a straight$-$line amortization table for the bonds' life.

Prepare the journal entries to record the first two interest payments.