Romero issues $3, 400,000 of 10%. 10-year bonds date January 1, 2015, that pay interest on June 30 and December 31. The bonds are issued at a price of $3, 010,000. Prepare the January 1, entry to record the bonds' issuance. For each semiannual period, compute (a) the cash payment, (b) the straight-line discount and (c) the bond interest expense. Determine the total bond interest expense to be recognized over the bonds' life. Prepare-the first two years of an amortization table like Exhibit 10.7 using the straight-line method Prepare the journal entries to record the first two interest payments