Ellis issues 6.5%, five-year bonds dated January 1, 2015, with a $500,000 par value. The bonds pay interest on June 30 and December 31 and are issued at a price of $510,666. 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 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