Hillside issues $2,700,000 of 7%,15-year bonds dated January 1,2021 , that pay interest semiannually on Jun and December 31 . The bonds are issued at a price of $2,333,101. Required: 1. Prepare the January 1 journal entry to record the bonds' issuance. 2 (a) For each semiannual period, complete the table below to calculate the cash payment. (b) For each semiannual period, complete the table below to calculate the straight-line discount amortization. 2(c) For each semiannual period, complete the table below to calculate the bond intefest 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. Complete this question by entering your answers in the tabs below. Record the issue of bonds with a par value of $2,700,000 on January 1,2021 at an issue price of $2,333,101. Note: Enter debits before credits. For each semiannual period, compute (a) the cash payment, (b) the straight-line discount amortization, and (c) the bond interest expense. Note: Round your final answers to the nearest whole dollar. Complete the below table to calculate the total bond interest expense to be recognized over the bonds' life. Prepare the first two years of a straight-line amortization table. Note: Round your intermediate and final answers to the nearest whole dollar. Record the first interest payment on June 30 . Note: Enter debits before credits