Southwest Airlines Southwest Airlines issues 7.0%, three-year bonds dated January 1, 2021, with a $620,000 par value. The bonds pay interest on June 30 and December 31 and are issued at a price of $648,320. The annual market rate is 6% on the issue date. Required: Round all calculations to the nearest dollar 1. Calculate the total bond interest expense over the bonds' life. 2. Prepare a straight-line amortization table for the bonds' life. 3. Prepare the journal entries to record the first two interest payments