Exercise 14-13 Issuance of bonds; effective interest (LO14-2] Federal Semiconductors issued 10% bonds, dated January 1, with a face amount of $850 million on January 1, 2018. The bonds sold for $781,801,100 and mature on December 31, 2037 (20 years). For bonds of similar risk and maturity the market yield was 11%. Interest is paid semiannually on June 30 and December 31. Required: 1. to 3. Prepare the journal entry to record their issuance by Federal on January 1, 2018, interest on June 30, 2018 (at the effective rate) and interest on December 31, 2018 (at the effective rate). 4. At what amount will Federal report the bonds among its liabilities in the December 31, 2018, balance sheet? Req 1 to 3 Req 4 At what amount will Federal report the bonds among its liabilities in the December 31, 2018, balance sheet? (Enter your answers in whole dollars.) Period-End Cash Interest Paid Bond Interest Expense Discount Amortization Carrying Value 01/01/2018 06/30/2018 12/31/2018