Required information The following information applies to the questions displayed below) Ike issues $260,000 of 9%, three-year bonds dated January 1, 2017, that pay interest semiannually on June 30 and December 31, They are issued at $266,811. Their market rate is 8% at the issue date 2. Complete the below table to calculate the total bond interest expense to be recognized over the bonds' life. Total bond interest expense over life of bonds Amount repaid 6 payments of S 266,811 1,600,866 Par value at maturity 260,000 1,860,866 Total repaid Less amount borrowed $ 1,860,866 Total bond interest expense Required information The following information applies to the questions displayed below Ike issues $260,000 of 9%, three-year bonds dated January 1, 2017, that pay interest semiannually on June 30 and December 31. They are issued at $266,811. Their market rate is 8% at the issue date. 5. Prepare the journal entry to record the bonds' retirement on January 1, 2019, at 98. View transaction list Journal entry worksheet Record the retirement of the bonds on January 1, 2019 at 98 Note: Enter debits before credits. Debit Date General Journal Credit Jan 01, 2019 Bonds payable 260,000 Premium on bonds payable 2,447 Cash Gain on retirement of bonds payable