Required information [The following information applies to the questions displayed below.] Hillside issues $1,300,000 of 7%, 15-year bonds dated January 1, 2021, that pay interest semiannually on June 30 and December 31. The bonds are issued at a price of $1,591,194. Required: 1. Prepare the January 1 journal entry to record the bonds' issuance. 2(a) For each semiannual period, complete the table below to calculate the cash payment. 2(b) For each semiannual period, complete the table below to calculate the straight-line premium amortization. 2(c) For each semiannual period, complete the table below to calculate the bond interest expense. 3. Complete the below table to calculate the total bond interest expense to be recognized over the bonds' life. 4. Prepare the first two years of a straight-line amortization table. 5. Prepare the journal entries to record the first two interest payments. Complete this question by entering your answers in the tabs below. Req 1 Req 2A to 2C Req 3 Req 41 Req 5 Prepare the first two years of a straight-line amortization table. (Round your intermediate and final answers to the nearest whole dollar.) Semiannual Unamortized Period-End Premium Carrying Value 01/01/2021 $ 291,194 $ 1,591,194 06/30/2021 281,488 12/31/2021 271,782 1,581,488 1,571,782 06/30/2022 12/31/2022 4 2 Complete this question by entering your answers in the tabs below. Req 1 Req 2A to 2C Req 3 Req 4 Req 5 Prepare the journal entries to record the first two interest payments. (Round your intermediate and final answers to the nearest whole dollar.) No 1 Date June 30 General Journal Bond interest expense Premium on bonds payable Cash December 311 Bond interest expense Premium on bonds payable Cash