Legacy issues $610,000 of 6 5%, four-year bonds dated January 1, 2021, that pay interest semiannually on June 30 and December 31. They are issued at $579,203 when the market rate is 8%. Problem 14-4A (Algo) Part 2 2. Determine the total bond interest expense to be recognized over the bonds' life Total bond Interest expense over lide of bonds Amount repaid payments of Par value at maturity Total repaid Less amount borrowed Total bond interest expense Required information Problem 14-4A (Algo) Straight-Line: Amortization of bond discount LO P2 [The following information applies to the questions displayed below.] Legacy issues $610,000 of 6.5%, four-year bonds dated January 1, 2021, that pay interest semiannually on June 30 and December 31. They are issued at $579,203 when the market rate is 8%. Problem 14-4A (Algo) Part 3 3. Prepare a straight-line amortization table for the bonds' first two years. (Round your intermediate and final answers to the nearest whole dollar.) Semiannual Period-End 01/01/2021 06/30/2021 12/31/2021 06/30/2022 12/31/2022 Unamortized Discount Carrying Value Required information Problem 14-4A (Algo) Straight-Line: Amortization of bond discount LO P2 [The following information applies to the questions displayed below] Legacy issues $610,000 of 6.5%, four-year bonds dated January 1, 2021, that pay interest semiannually on June 30 and December 31. They are issued at $579,203 when the market rate is 8%. Problem 14-4A (Algo) Part 4 4. Prepare the journal entries to record the first two interest payments.