On January 1,2022 , the first day of its fiscal year, Katie Perreault, Inc. issued 8%, ten-year bonds with a face amount of $400,000. The bonds were priced to yield 10%. Interest is paid semi-annually on July 1 , and January 1. Perreault's fiscal year ends December 31 . Perreault uses the effective interest method to amortize any bond discounts or premiums. 1) Using the following table, prepare a complete amortization schedule assuming the effective interest method: 2) Using "T" accounts, show how the transactions are recorded into the following accounts the date the bond is issued to the end of the second fiscal year. 3) Prepare the necessary journal entry to record interest expense for the six months ended December 31.2023. 4) How much total interest will be recognized over the life of the bond? 5) How much total interest will be paid over the life of the bond