Montelair Company is considering a project that will require a $530,000 loan. it presently has total liabilities of $205,000 and total assets of $635,000 1. Compute Montclair's (a) current debt-to-equity ratio and (b) the debt-to-equity ratio assuming it borrows $530,000 to fund the project. 2. If Montclair borrows the funds, does its financing structure become more of less risky? Elis Company issues 8.5%, five-year bonds dated January 1,2021 , with a $420,000 par value. The bonds pay interest on June 30 and December 31 and are issued at a price of $428,517. The annual market rate is 85 on the issue date Required: 1. Calculate the total bond interest expense over the bond's' life. 2. Prepare a straight-line amortization table for the bonds' life. 3. Prepare the journal entries to record the first two interest payments. Complete this question by entering your answers in the tabs below. Calculate the total bond interest expense over the bonds' ilfe. Eliis Company issues B.5\%. five-year bonds dated January 1, 2021, with a $420.000 par value. The bonds pay irterest on June 30 and December 31 and are issued at a price of $428,517. The annual market rate is 8% on the issue date Required: 1. Calculate the total bond interest expense over the bonds' life 2. Prepare a straight-line amortization table for the bonds' life. 3. Prepare the journal entries to record the first two interest payments Complete this question by entering your answers in the tabs below. Prepare a straight-line amortization table for the bonds' life. (Hound your intermed ate and final answers to the nearest whole dollar.) Eilis Company issues 8.5\%, five-year bonds dated January 1. 2021, with a $420,000 par value. The bonds pay interest on June 30 and December 31 and are issued at a price of $428,517. The annual market rate is 8% on the issue date. Required: 1. Calculate the total bond interest expense over the bonds' life. 2. Prepare a straight-line amortization table for the bonds' life. 3. Prepare the lournal entries to record the first two interest payments. Complete this question by entering your answers in the tabs below. Prepare the journal entries to record the first two interest payments. Journal entry worksheet Record the second interest payment on December 31. Note: Enter debits before credits