Problem 14-4A Straight-Line: Amortization of bond discount Legacy issues $325,000 of 5%, four-year bonds dated January 1,2021 , that pay interest semiannually on June 30 and December 31 . They are issued at $292,181 when the market rate is 8%. Required 1. Prepare the January 1 journal entry to record the bonds' issuance. 2. Determine the total bond interest expense to be recognized over the bonds' life. Check (2) $97,819 3. Prepare a straight-line amortization table like the one in (3) 12/31/2022 carrying value, $308,589 4. Prepare the journal entries to record the first two interest payments