Legacy issues $740,000 of 7.5%, four-year bonds dated January 1, 2019, that pay interest semiannually on June 30 and December 31. They are issued at $680,186 when the market rate is 10%. 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. 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. Semiannual Interest Period-End 01/01/2019 Cash Interest Bond Interest Paid Expense Discount Amortization Unamortized Discount Carrying Value $ 59,814 $ 680,186 06/30/2019 $ 686,445 34,009 $ 34,322 6,259 6,572 53,555 46,982 12/31/2019 06/30/2020 27,750 $ 27,750 27,750 27,750 12/31/2020