Legacy issues $750,000 of 8 0%, four-year bonds dated January 1, 2017, that pay interest semiannually on June 30 and December 31, They are issued at $656,844 and their market rate is 12% 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 1 Required 2 Required 3 Required 4 Complete the below table to calculate the total bond interest expense to be recognized over the bonds' life. l bond interest expense over life of bonds: of 750,000 750,000 (656,844) 93,156 Par value at maturity Total repaid Required 1 Required 3 K Prev 12 of 12Next > Legacy issues $750,000 of 8 0%, four-year bonds dated January 1, 2017, that pay interest semiannually on June 30 and Decermber 31, They are issued at $656,844 and their market rate is 12% 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 1 Required 2 Requid 3 Required 4 Prepare an effective interest amortization table for the bonds' first two years Cash Interest Bond Interest Discount U Paid se Amortization Discount Carrying Val 01/01/2017 12/31/2017 06/30/2018 12/31/2018