Legacy issues $710,000 of 8.0%, four-year bonds dated January 1, 2021, that pay interest semiannually on June 30 and December 31 . They are issued at $621,812 when the market rate is 12%. Required: 1. Prepare the January 1 joumal entry to record the bonds' issuance. 2. Complete the below table to calculate the total bond interest expense to be recognized over the bonds' llfe. 3. Prepare an effectlve 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. Complete the below table to calculate the total bond interest expense to be recognized over the bonds' life. Complete this question by entering your answers in the tabs below. Prepare an effective interest amortization table for the bonds' first two years. (Round your intermediate and finat answers to the neare whole doltar.) Prepare the journal entries to record the first two interest payments. Journal entry worksheet Record the first interest payment on June 30. Note: Enter debits before credits