Hillside issues $4,000,000 of 6%, 15-year bonds dated January 1, 2020, that pay interest semiannually on June 30 and December 31. The bonds are issued at a price of $3,456,448.Required1.Prepare the January 1 journal entry to record the bonds issuance.2.For each semiannual period, compute (a) the cash payment, (b) the straight-line discount amortization, and (c) the bond interest expense.3.Determine the total bond interest expense to be recognized over the bonds life.4.Prepare the first two years of a straight-line amortization table like Exhibit 10.7.5.Prepare the journal entries to record the first two interest payment