Time Remaining $43$ minutes $22$ seconds$00$:$43$:$22$Item $5$ Time Remaining $43$ minutes $22$ seconds$00$:$43$:$22$Banjo Education Corp. issued a $4\%,$ $$170,000$ bond that pays interest semiannually each June $30$ and December $31.$ The date of issuance was January $1,2023.$ The bonds mature after four years. The market interest rate was $6\%.$ Banjo Education Corp.s year$-$end is December $31.$ Use TABLE $14$A$\mathrm{.}1$ and TABLE $14$A$\mathrm{.}2.($For all the requirements, Use appropriate factor$($s$)$ from the tables provided.$)$Required:Preparation Component:$1.$ Calculate the issue price of the bond. $($Round the final answer to the nearest whole dollar.$)2.$ Prepare a general journal entry to record the issuance of the bonds. $($Do not round intermediate calculations. Round the final answers to the nearest whole dollar.$)3.$ Determine the total bond interest expense that will be recognized over the life of these bonds. $($Do not round intermediate calculations. Round your answer to the nearest whole dollar.$)4.$ Prepare the first two years of an amortization table based on the effective interest method. $($Do not round intermediate calculations. Round the final answers to the nearest whole dollar. Enter all the amounts as positive values.$)5.$ Present the journal entries Banjo would make to record the first two interest payments. $($Do not round intermediate calculations. Round the final answers to the nearest whole dollar.$)$