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Elis Company issues 9.5%, five-year bonds dated January 1, 2021, with a $400,000 par value. The bonds pay interest on June 30 and Docember 31 and are issued at a price of $424,333. The annual market rate is 8% on the issue date. Required: 1. Colculate the total bond interest expense over the bonds' life. 2. Prepare a straight-line amortization table for the bonds' life. 3. Prepare the joumal entries to record the first two interest payments. Complete this question by entering your answers in the tabs below. Calculate the total bond interest expense over the bonds' life