Required information The following information applies to the questions displayed below.] Hillside issues $4,000,000 of 6%, 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 $3,456,448. Required: 1. Prepare the January 1 journal entry to record the bonds' issuance. 21a) 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 discount amortization. 2) 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. Reg 1 Reg 2A to 20 Reg 3 Req 4 Reg 5 Prepare the journal entries to record the first two interest payments. (Round your intermediate and final answers to the dollar) View transaction list 05 Journal entry worksheet De ZA to 20 Rau 3 Reg 4 Reg 5 Complete the below table to calculae the total bond interest expense to be recognized over the bonds' Total bond interest expense over life of bonds: Amount repaid payments of Par value at maturity Total repaid Less amount borrowed 0 Total bond interest expense $ 0 Reg 1 Reg 2A to 20 Reg 3 Reg 4 Req 5 For each semiannual period, compute (a) the cash payment, (b) the straight-line discount amortization, and (c) the bond interest expense. (Ro dollar.) Par (maturity) value Annual Rate Year Semiannual cash interest payment 2a) 6% 6/12 Par (maturity) value Bonds price Discount on Bonds Payable Semiannual periods Straight-line amortiza 26) Semiannual cash payment Discount amortization Bond interest expense 20) Peg 1 Reg 2A to 20 Reg 3 Reg 4 Reg 5 Prepare the January 1 journal entry to record the bonds' issuance. View transaction list Journal entry worksheet 1 > Pecord the issue of bonds with a par value of $4,000,000 on January 1, 2021 at an issue price of $3,456,448. Note: Enter debits before credits. Date General Journal Debit Credit January 01 Cash 184,556