(The following information applies to the questions displayed below.) Hillside issues $1,500,000 of 6%, 15-year bonds dated January 1, 2021, that pay interest semiannually on June 30 and December 31. Problem 14-1A (Algo) Straight-Line: Amortization of bond discount LO P2 The bonds are issued at a price of $1,296,168. Required: 1. Prepare the January 1 journal entry to record the bonds' issuance. 2(a) 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 Req 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 Req 1 Req 2A to 20 Reg 3 Reg 4 Req 5 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: payments of Par value at maturity Total repaid Less amount borrowed Total bond interest expense Req 1 Req 2A to 20 Reg 3 Reg 4 Reg 5 Prepare the first two years of a straight-line amortization table. (Round your intermediate and final answers to the nearest whole dollar.) Semiannual Period- Unamortized End Discount 01/01/2021 Carrying Value 06/30/2021 12/31/2021 06/30/2022 12/31/2022 Req 1 Reg 2A to 20 Reg 3 Reg 4 Reg 5 Prepare the journal entries to record the first two interest payments. (Round your intermediate and final answers to the nearest whole dollar.) View transaction list Journal entry worksheet Record the first interest payment on June 30. Note: Enter debits before credits. Date General Journal Debit Credit June 30