Hillside issues $2,100,000 of 5%, 15-year bonds dated January 1, 2019, that pay interest semiannually on June 30 and December 31. The bonds are issued at a price of $2,570,390. Required: 1. Prepare the January 1journal entry to record the bonds' issuance. 2(a) For each semiannual period, complete the table below to calculate the cash payment 2(b) For each semiannual period, complete the table below to calculate the straight-line premium amortization. 2(c) For each semiannual period, complete the table below to calculate the bond interest expense. 3. Complete the below table to calculate the total bond interest expense to be recognized over the bonds' life. 4. Prepare the first two years of a straight-line amortization table. 5. Prepare the journal entries to record the first two interest payments. Req 1 Req 2A to 20 Reg 3 Reg 4 Reg 5 Prepare the January 1 journal entry to record the bonds' issuance. View transaction list Journal entry worksheet Complete this question by entering your answers in the tabs below. Reg 1 Reg 2A to 20 Reg 3 Reg 4 Regs For each semiannual period, compute (a) the cash payment, (b) the straight-line discount amortization, and (c) the bond interest expense. (Round "Unamortized Premium" to whole dollar and use the rounded value for part 4 & 5.) Show less 2(a) Par (maturity) value Annual Rate Year Semiannual cash interest payment 2(b) Bond price Par (maturity value) Premium on Bonds Payable Semiannual periods Straight-line premium amortization 2(c) Semiannual cash payment Premium amortization Bond Interest expense Reg 1 Req 2A to 20 Reg 3 Reg 4 Req 5 Complete the below table to calculate the total bond interest expense to be recognized over the b 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 Record the interest payment and amortization on June 30. Note: Enter debits before credits, General Journal Debit Credit Date June 30