Exercise 14-13 (Algo) Issuance of bonds; effective interest; financial statement effects [LO14-2] Federal Semiconductors issued 9% bonds, dated January 1, with a face amount of $810 million on January 1, 2024. The bonds sold for $740,509,331 and mature on December 31, 2043 (20 years). For bonds of similar risk and maturity the market yield was 10%. 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, 2024, interest on June 30, 2024 (at the effective rate) and interest on December 31, 2024 (at the effective rate). 4. At what amount will Federal report the bonds among its liabilities in the December 31, 2024, balance sheet? Answer is complete but not entirely correct. 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, 2024, balance sheet? Note: Round your final answer to the nearest whole dollar. Bonds amount that will be reported on balance sheet at December 31, 2024 $ 712,841,082 < Req 1 to 3 Req 4 >