Legacy Issues $580.000 of 8.0%, four-year bonds dated January 1, 2019. that pay interest semiannually on June 30 and December 31 They are issued at $507959 when the market rate is 12%. Required: 1. Prepare the January 1 Journal entry to record the bonds' issuance, 2. Complete the below table to calculate the total bond interest expense to be recognized over the bonds life 3. Prepare an effective interest amortization table for the bonds' first two years. 4. Prepare the journal entries to record the first two interest payments. Required 1 Required 2 Required 3 Required 4 Complete the below table to calculate the total bond interest expense to be recognized over Total bond Interest expense over life of bonds: Amount repaid payments of Par value at maturity Total repaid Less amount borrowed Total bond interest expense 0 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Prepare an effective interest amortization table for the bonds' first two years. Cash Interest Paid Bond Interest Expense Discount Amortization Unamortized Discount Carrying Value Semiannual Interest Period-End 01/01/2019 06/30/2019 12/31/2019 06/30/2020 12/31/2020 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 hrequired 4 Prepare the journal entries to record the first two interest payments. No Date General Journal Debit Credit