question 4 please, thank you

Calculations Marketing Inc. issued 8.5% bonds with a par value of $380,000 and a five-year life on January 1, 2020, for $387,705. The bonds pay interest on June 30 and December 31. The market interest rate was 8% 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 $ 153,795 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 Jan. 1/20 $ 0 $ June 30/20 642 667 Dec. 31/20 June 30/21 16,150 16,150 16,150 16,150 694 Dec. 31/21 722 15,508 15,483 15,456 15,428 15,399 15,369 15,338 15,305 7,705 $ 7,063 6,396 5,702 4,980 4,229 3,448 2,636 1,791 June 30/22 16,150 751 387,705 387,063 386,396 385,702 384,980 384,229 383,448 382,636 381,791 380,913 380,000 Dec. 31/22 781 June 30/23 812 Dec. 31/23 845 16,150 16,150 16,150 16,150 16,150 161,500 June 30/24 15,272 878 913 Dec. 31/24 913 0 15,237 153,795 Totals $ $ $ 7,705 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 15,508 Bond interest expense Premium on bonds payable 642 Cash 16,150 2 December 31, 2020 Bond interest expense Premium on bonds payable 15,483 667 Cash 16,150 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