Ellis Company issues 8.0%, five-year bonds dated January 1, 2020, with a $600,000 par value. The bonds pay interest on June 30 and December 31 and are issued at a price of $651181. The annual market rate is 6% on the issue date Required: 1. 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 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 repaid Less amount borrowed Total bond interest expense Required 1 Required 2 Required 3 Prepare a straight-line amortization table for the bonds' life. dollar.) Semiannual Period- Unamortized End Premium Carrying Value 01/01/2020 06/30/2020 12/31/2020 06/30/2021 12/31/2021 06/30/2022 12/31/2022 06/30/2023 12/31/2023 06/30/2024 12/31/2024