1. Bradford Company issued 10% bonds on January 1, 2011, with a face amount of $80 million. The bonds mature in 10 years. The market yield for bonds of similar risk and maturity is 12%. Interest is paid semi-annually on June 30th and December 31st every year. (a) Determine the price of the bond on January 1. (b) Prepare the journal entry to record the issuance of the bond by Bradford Company on January 1, 2011. (c) Prepare the journal entry to record the interest payment on June 30th ,2011 and December 31", 2011 (at the effective interest rate)