2 Federal Semiconductors Issued 11% bonds, dated January 1, with a face amount of $800 million on January 1, 2021. The bonds sold for $739,814,813 and mature on December 31, 2040 (20 years). For bonds of similar risk and maturity the market yield was 12%. Interest is paid semiannually on June 30 and December 31. Required: 1. to 3. Prepare the journal entries to record their issuance by Federal on January 1, 2021, interest on June 30, 2021 (at the effective rate) and Interest on December 31, 2021 (at the effective rate). 4. At what amount will Federal report the bonds among its liabilities in the December 31, 2021, balance sheet? Answer is not complete. Complete this question by entering your answers in the tabs below. Req 1 to 3 Req 4 At what amount will Federal report the bonds among its liabilities in the December 31, 2021, balance sheet? (Enter your answers in whole dollars.) Period-End 01/01/2021 06/30/2021 12/31/2021 Cash Interest Paid Bond Interest Expense Discount Amortization Carrying Value $ 739,814,813 $44,000,000 $ 44,000,000 44,388,889 S 44,463,173 388,889 463,173 740,203,702 740,666,875 < Req 1 to 3 Return tor