Hillside issues $2,600,000 of 5%, 15-year bonds dated January 1, 2018, that pay interest semiannually on June 30 and December 31 The bonds are issued at a price of $3,182,390 Required 1. Prepare the January 1, 2018, journal 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 an amortization table using the straight-line method 5. Prepare the journal entries to record the first two interest payments Prepare the January 1, 2018, journal entry to record the bonds' issuance. View transaction list View journal entry worksheet No Date General Journal Debit Credit 1Jan 01, 2018 Cash 3,182,390 Premium on bonds payable Bonds payable 582,390 2,600,000 Req1 Req 2A to 2C For each semiannual period, complete the table below to calculate the cash payment, straight-line premium amortization and bond interest expense. (Round "Unamortized Premium" to whole dollar and use the rounded value for part 4 & 5.) Semiannual cash interest payment Par (maturity) value Annual Rate Year 2,600,000 5% 6/12 $ 65,000 Par (maturity value Premium on Bonds Payable Straight-line premium amortization Bond price Semiannual periods Semiannual cash payment Premium amortization Bond interest expense Req1 Req 3> Complete the below table to calculate the total bond interest expense to be recognized 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 0 Req 2A to 2C Req 4 Prepare the first two years of an amortization table using the straight-line method Semiannual Period- Unamortized Carrying End 01/01/2018 06/30/2018 12/31/2018 06/30/2019 12/31/2019 Premium Value KReq 3 Req5 > View transaction list Journal entry worksheet Record the second interest payment on December 31, 2018. Note: Enter debits before credits. Date General Journal Debit Credit Dec 31, 2018 Record entry Clear entry View general journal