Hilside issues 52500.000 of 5%, 15 year bonds dated January 1.2021, that pay interest semiannually an June 30 and December 31 Problem 14-2A (Algo) Straight-Line: Amortization of bond premium LO P3 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 poyment. 2iti For each semiannual period, complete the table below to calculate the straight-line premium amonization. 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 recognited over the bonds' life. 4. Prepare the first two years of a straight-ine 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. Prepare the lanuary 1 journal entry to record the bends' isfuance. Prepare the January 1 journal entry to record the bonds' issuance. Journal entry worksheet Record the issue of bonds with a par value of $2,100,000 on January 1,2021 at an issue price of $2,570,390. Note: Enter debits before credits. For each semiannual period, compute (a) the cash payment, (b) the straight-line premium amortization, and (c) the bond interest expense. (Round your finat. answers to the nearest whole dollar.) \begin{tabular}{|l|l|l|l|l|} \hline Par (maturity) value & Annual Rate & Year & Semiannualcashinterestpayment \\ \hline 2(a) & & & & \\ \hline \end{tabular} The bonds are issued at a price of $2,570,390. 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 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. Complete this question by entering your answers in the tabs below. Complete the below table to calculate the total bond interest expense to be recognized over the bonds' IIfe. 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. 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. Complete this question by entering your answers in the tabs below. Prepare the first two years of a straight-line amortization table. (Round your intermediate and final answers to the nearest whole dollar) Complete this question by entering your answers in the tabs below. Prepare the joumal entries to record the first two interest payments. (Round your intermediate and final answers to the nearest whole doliaf.) Journal entry worksheet Note: Enter debits before credits