Hillside issues $3,000,000 of 6%, 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 $2,592,334 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 discount 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 Complete this question by entering your answers in the tabs below Req 1 Req 2A to 2C Req 3 Req 4 Req 5 Prepare the January 1, 2018, journal entry to record the bonds' issuance View transaction list View journal entry worksheet Date General Journal Debit Credit Jan 01, 2018 Cash 2,592,334 Discount on bonds payable 407,666 Bonds payable 3,000,000 Req1 Req 2A to 2C Complete this question by entering your answers in the tabs below RReq 2A to 2C Req 3 Req 5 Req 4 For each semiannual period, complete the table below to calculate the cash payment, straight-line discount amortization and bond interest expense Semiannual cash interest payment Par (maturity) value Annual Rate Year 6% 3,000,000 90,000 Discount on Bonds Payable s Straight-line discount amortization Par (maturity) value Bonds price Semiannual periods 2,592,334 30 07,666+ 3,000,000 12,589 Semiannual cas Discount amortization Bond interest ex se 2,589S 90,000 102,589 Req 4 Req 1 Req 2A to 2C 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 Req 5 30 payments of 90,000 2,700,000 3,000,000 5,700,000 2,592,334 $ 3,107,666 Par value at maturity Total repaid Less amount borrowed Total bond interest expense