Problem 14-4A Straight-Line: Amortization of bond premium LO P1, P3 Ellis issues 6.5%, five-year bonds dated January 1, 2017, with a $250,000 par value. The bonds pay interest on June 30 and December 31 and are issued at a price of $255,333. The annual market rate is 6% on the issue date. Required: Complete the below table to 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 Required 1Required 2 Required 3 Complete the below table to calculate the total bond interest expense over the bonds life. Prev4 of 5 Next > Required 1 Required 2 Required 3 Complete the below table to calculate the total bond interest expense over the bonds' life. Amount repaid payments of Par value at maturity Total repaid Less amount borrowed Total bond interest e nse Required 2 > Drow Neyt 5 3 ta C 2 17-17-17-18-11-10-20-21-21 Record the first interest payment on June 30, 2017 Note: Date General Journal Debit Credit Jun 30, 2017 . Prev 4 of 5 Next > Journal entry worksheet Record the second interest payment on December 31, 2017 Note: Enter debits before credits Date General Journal Debit Dec 31, 2017