Refer to the bond details in Problem 14-4B Required 1. Compute the total bond interest expense over the bonds' life. 2. Prepare an effective interest amortization table like the one in Exhibit 14B.2 for the bonds life. 3. Prepare the journal entries to record the first two interest payments. 4. Use the market rate at issuance to compute the present value of the remaining cash flows for these chch0 Problem 14-9B Effective Interest: Amortization of bond premium; computing bond price P1 P6 Check (2) 6/30/2019 carying volue, $327.136 bonds as of December 31, 2019. Compare your answer with the amount shown on the amortizationy table as the balance for that date (from part 2) and explain your findings. 4) $325,807 Problem 14-48 Ripkin Company issues 9%, five-year bonds dated January 1 , 2017, with a S320.000 par value. The bonds Straight-Line: Amortization pay interest on June 30 and December 31 and are issued at a price of $332,988. Their annual market rate of bond premium is 8% on the issue date. Required 1. Calculate the total bond interest expense over the bonds' life. 2. Prepare a straight-line amortization table like Exhibit 14.11 for the bonds' life 3. Prepare the journal entries to record the first two interest payments P1 P3 Check (2) 6/30/2019 carrying value, $326,493