Problem 10-9AB Effective Interest: Amortization of bond premium LO P6 Ellis Company issues 8.0%, five-year bonds dated January 1, 2019, with a $600,000 par value. The bonds pay interest on June 30 and December 31 and are issued at a price of $651185. The annual market rate is 6% on the issue date. Required: 1. Compute the total bond interest expense over the bonds' life. 2. Prepare an effective Interest amortization table for the bonds' life. 3. Prepare the journal entries to record the first two interest payments. Answer is not complete. Complete this question by entering your answers in the tabs below. Required: Required 2 Required Prepare an effective interest amortization table for the bonds life. Semiannual Cash Bond Interest Interest Premium Unamortized Period-End Carrying Pald Expense Amortization Premium Value 01/01/2019 $ 651,185 06/30/2019 $ 600,000 $ 18,881 S 51,181 5,1183 546,721 12/31/2019 18,8813 46,063 3 5,118 600,658 06/30/2020 600,000 18,8813 40,9453 (35,827) 559,713 12/31/2020 600,000 18,8813 35,827 (71,654) 523,886 06/30/2021 600,000 18,881 30,709 (102,363) 493,177 12/31/2021 600,000 18.881 25,591 (127.954) 467,586 600,000 RA PARA RRR Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare an effective interest amortization table for the bonds' life. Semiannual Period-End 01/01/2019 Cash Interest Paid Bond Interest Expense Premium Amortization Unamortized Premium Carrying Value 06/30/2019 12/31/2019 06/30/2020 12/31/2020 06/30/2021 $ 600,000 $ 18,881 $ 600,000 18,881 600,000 18,881 % 600,000 18,881 600,000 18,881 X 600,000 18,881 600,000 18,881 X 600,000 18,881 600,000 18,881 600,000 604,240 $ 6,000,000 $ 774,169 51,181 46,063 40,945 35,827 30,709 25,591 20,472 10,236 51,118 (4.240) 5.118 5.118 (35,827) (71,654) (102,363) (127,954) (148,426) (158,662) (209.780) $ 651,185 646,721 600,658 559,713 523,886 493,177 467,586 447,114 436,878 385,760 390,000 12/31/2021 06/30/2022 12/31/2022 06/30/2023 12/31/2023 Total