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Required information Problem 10-4A (Algo) Straight-Line: Amortization of bond discount LO P2 [The following information applies to the questions displayed below.) Legacy issues $580,000 of 8.0%, four-year bonds dated January 1, 2021, that pay interest semiannually on June 30 and December 31. They are issued at $507,959 when the market rate is 12% Problem 10-4A (Algo) Part 2 2. Determine 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 La mount borrowed Total bond interest expense Ne CP Required information Problem 10-4A (Algo) Straight-Line: Amortization of bond discount LO P2 [The following information applies to the questions displayed below.) Legacy issues $580,000 of 8.0%, four-year bonds dated January 1, 2021, that pay interest semiannually on June 30 and December 31. They are issued at $507,959 when the market rate is 12%. Problem 10-4A (Algo) Part 3 3. Prepare a straight-line amortization table for the bonds' first two years. (Round your intermediate and final answers to the nearest whole dollar) Semiannual Period-End Unamortized Discount Carrying Value 01/01/2021 08/30/2021 12/31/2021 30/2022 12312022 HI

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