Required information Problem 10-4A (Algo) Straight-Line: Amortization of bond discount LO P2 [The following information applies to the questions displayed below.] Legacy issues $690,000 of 7.0%, four-year bonds dated January 1,2021 , that pay interest semiannually on June 30 and December 31. They are issued at $623,078 when the market rate is 10%. Problem 10-4A (Algo) Part 2 2. Determine the total bond interest expense to be recognized over the bonds' life. 3. Prepare a straight-line amortization table for the bonds' first two years. (Round your intermediate and final answers to the nearest whole dollar.) 4. Prepare the journal entries to record the first two interest payments