How would you layout this space? (First time renting my own place!)

This is like a junior 1-bedroom since there’s a small bedroom off the hallway, and otherwise this is the main living room/kitchen space. How would you furnish it to be a nice place for hosting friends? Some things I’d love to have (but not sure about yet) are a sofa bed, projector for movie nights, and kitchen island. Thoughts and tips on maximizing space or how to zone the room?