PPlease solve the 4th part with proper explanation. Solve it as quickly as possible. Thanks

Calculations Marketing Inc. issued 10.5% bonds with a par value of $440,000 and a five-year life on January 1, 2020, for $448,494. The bonds pay interest on June 30 and December 31. The market interest rate was 10% on the original issue date. Use TABLE 14A.1 and TABLE 14A.2. (Use appropriate factor(s) from the tables provided.) Required: 1. Calculate the total bond interest expense over the life of the bonds. Total interest expense $ 222,506 es 2. Prepare an amortization table using the effective interest method. (Do not round intermediate calculations. Round the final answers to the nearest whole dollar.) Period Ending Cash Interest Paid Premium Amort. Unamortized premium Carrying Value Jan. 1/20 $ 0 $ Period Interest Expense $ 22,425 22,391 22,356 June 30/20 23,100 675 Dec. 31/20 709 8,494 $ 7,819 7,110 6,366 5.584 23,100 23,100 23,100 June 30/21 744 Dec. 31/21 782 22,318 22,279 448,494 447,819 447,110 446,366 445,584 444,763 443,901 442,996 112 01 June 30/22 821 4,763 23,100 23,100 Dec. 31/22 22,238 862 3,901 June 30/23 23,100 905 2,996 22,195 22 1501 Der 31/23 22.1nn anll 2 Che 2. Prepare an amortization table using the effective interest method. (Do not round intermediate calculations. Round the final answers to the nearest whole dollar.) Period Ending Cash Interest Paid Period Interest Expense $ Premium Amort. Unamortized premium Carrying Value $ 0 0 $ $ Jan. 1/20 June 30/20 23,100 675 709 Dec. 31/20 June 30/21 23,100 23,100 22,425 22,391 22,356 22,318 744 8,494 7,819 7,110 6,366 5,584 4,763 3,901 2,996 448,494 447,819 447,110 446,366 445,584 444,763 443,901 Dec. 31/21 23,100 782 June 30/22 23,100 22,279 821 862 Dec. 31/22 23,100 June 30/23 22,238 22,195 22,150 905 442,996 442.046 Dec. 31/23 950 2.046 June 30/24 23,100 23,100 23,100 23,100 $ 231,000 $ 22,102 998 1.048 441.048 440,000 Dec. 31/24 22,052 1,048 0 Totals 222,506 $ 8,494 3. Show the journal entries that Calculations Marketing Inc. would make to record the first two interest payments assuming a December 31 year-end. (Do not round intermediate calculations. Round the final answers to the nearest whole dollar.) 3. Show the journal entries that Calculations Marketing Inc. would make to record the first two interest payments assuming a December 31 year-end. (Do not round intermediate calculations. Round the final answers to the nearest whole dollar.) View transaction list View journal entry worksheet No Date General Journal Debit Credit 1 June 30, 2020 Bond interest expense Premium on bonds payable 22,425 675 Cash 23,100 . 2 22,391 December 31, 2020 Bond interest expense Premium on bonds payable 709 Cash 23,100 4. Use the original market interest rate to calculate the present value of the remaining cash flows for these bonds as of December 31, 2022. Compare your answer with the amount shown on the amortization table as the balance for that date. (Do not round intermediate calculations. Round the final answers to the nearest whole dollar.) Present value of the remaining cash flows