Ellis issues 9.0%, five-year bonds dated January 1, 2017, with a $410,000 par value. The bonds pay interest on June 30 and December 31 and are issued at a price of $426,642. The annual market rate is 8% on the issue date.CableBI. TableB2. Table B3, and Table A (Use appropriate factor(s) from the tables provided.) Required 1. Compute the total bond interest expense over the bonds' life. 2. Prepare an effective interest amortization table for the bonds' life 3. Prepare the journal entries to record the first two interest payments. 4. Use the market rate at issuance to compute the present value of the remaining cash flows for these bonds as of December 31, 2019. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Compute 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 Prepare an effective interest amortization table for the bonds' life Semiannual Period- Cash Interest Bond Interest Premium Unamortized Premiumm Carrying Value End 01/01/2017 06/30/2017 12/31/2017 06/30/2018 12/31/2018 06/30/2019 12/31/2019 06/30/2020 2/31/2020 06/30/2021 12/31/2021 Total Paid Expense Amortization Prepare the journal entries to record the first two interest payments. View transaction list Journal entry worksheet Record the first interest payment on June 30, 2017 Note: Enter debits before credits. Date General Journa Debit Credit Jun 30, 2017 Record entry Clear entry View general journal Prepare the journal entries to record the first two interest payments. View transaction list Journal entry worksheet Record the second interest payment on December 31, 2017 Note: Enter debits before credits. Date General Journa Debit Credit Dec 31, 2017 Record entry Clear entry View general journal Use the market rate at issuance to compute the present value of the remaining cash flows for these bonds as of December 31, 2019. (Round table values to 4 decimal places, and use rounded values in all calculations.) Table values are based on: n5 Table Value esent Value Cash Flow Par (maturity) value Interest (annuity) Price of bonds Amount