Exercise 14-3 Vetermine the price of ponas; issuance; eTrective interest [LU 14-27 The Bradford Company issued 10% bonds, dated January 1, with a face amount of $91 million on January 1, 2018. The bonds mature on December 31, 2027 (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.) 1.53 points Required: 1. Determine the price of the bonds at January 1, 2018. 2. to 4. Prepare the journal entry to record their issuance by The Bradford Company on January 1, 2018, interest on June 30, 2018 and interest on December 31, 2018 (at the effective rate). Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 to 4 Prepare the journal entry to record their issuance by The Bradford Company on January 1, 2018, interest on June 30, 2018 and interest on December 31, 2018 (at the effective rate). (Enter your answers in whole dollars. If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) No Credit 1 Date General Journal January 01, 2018 Cash Discount on bonds payable Bonds payable Debit 80,561,936 10,438,064 91,000,000 June 30, 2018 4,833,716 Interest expense Discount on bonds payable Cash 00 283,716 4,550,000 5,123,739 X December 31, 201 Interest expense Discount on bonds payable Cash OOO 573,739 4,550,000