Legacy issues $650,000 of 5.0%, four-year bonds dated January 1, 2017, that pay interest semiannually on June 30 and December 31. They are issued at $584,361 and their market rate is 8% at the issue date Required 1. Prepare the January 1, 2017, 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 Complete this question by entering your answers in the tabs below. Required 1Required 2 Required 3Required 4 Prepare an effective interest amortization table for the bonds' first two years Semiannual cash Interest Bond Interest Discount Unamortized Carrying Value Interest Paid xpenseAmortization Discount Period-End 01/01/2017 06/30/2017 12/31/2017 06/30/2018 12/31/2018