Legacy issues $550,000 of 9.5%, four-year bonds dated January 1, 2015, that pay interest semiannually on June 30 and December 31. They are issued at $507,301 and their market rate is 12% at the issue date.Prepare the journal entries to record the first two interest payments.1.Record the interest payment and amortization on June 30, 2015. 2.Record the interest payment and amortization on December 31, 2015.