Exercise 14-3 (Algo) Determine the price of bonds; issuance; effective interest (LO14-2] The Bradford Company issued 10% bonds, dated January 1, with a face amount of $94 million on January 1, 2021. The bonds mature on December 31, 2030 (10 years). For bonds of similar risk and maturity, the market yield is 12%. Interest is paid semiannually on June 30 and December 31. (FV of $1. PV of $1. FVA of $1. PVA of $1. FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Required: 1. Determine the price of the bonds at January 1, 2021 2. to 4. Prepare the journal entries to record their issuance by The Bradford Company on January 1, 2021, interest on June 30, 2021 and interest on December 31, 2021 (at the effective rate). Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 to 4 Determine the price of the bonds at January 1, 2021. (Enter your answers whole dollars.) Table values are based on: Req 1 Req 2 to 4 Determine the price of the bonds at January 1, 2021. (Enter your answers whole dollars.) Table values are based on: Amount Present Value Cash Flow Interest Principal Price of bonds Req 2 to 4 > Saved blems i on December 31, 2021 (at the effective rate). (Enter your answers in whole dollars. If n "No journal entry required" in the first account field.). View transaction list Journal entry worksheet Maps AccessUH Yahoo Mail ams Soved on December 31, 2021 (at the effective rate). (Enter your answers in whole dollars. If no "No journal entry required" in the first account field.) View transaction list Journal entry worksheet