Romero issues $3,400,000 of 10%, 10-year bonds dated January 1, 2020, that pay interest semiannually on June 30 and December 31. The bonds are issued at a price of $3,010,000. Required 1. Prepare the January 1 journal entry to record the bonds' issuance. 2. For each semiannual period, compute (a) the cash payment, (b) the straight-line discount amortization, and (c) the bond interest expense. 3. Determine the total bond interest expense to be recognized over the bonds' life. 4. Prepare the first two years of a straight-line amortization table like 5. Prepare the journal entries to record the first two interest payments. Check (3) $3,790,000 (4) 6/30/2021 carrying value, $3,068,500 Problem 10-2B Straight-Line: Amortization of bond premium P3 Exhibit 10.7. Refer to the bond details in Problem 10-1B, except assume that the bonds are issued at a price of $4,192,932. Required 1. Prepare the January 1 journal entry to record the bonds' issuance. 2. For each semiannual period, compute (a) the cash payment, (b) the straight-line premium amortization, and (c) the bond interest expense. 3. Determine the total bond interest expense to be recognized over the bonds' life. 4. Prepare the first two years of a straight-line amortization table like 5. Prepare the journal entries to record the first two interest payments. Exhibit 10.11. Page 404