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? Complete this question by entering your answers in the tabs below. Journal entry worksheet 1 2 3 > k Record the issuance of the bond on January 1, 2021. Note: Enter debits before credits. Date General Journal Debit Credit ces January 01, 2021 Record entry Clear entry View general Journal View transaction list Journal entry worksheet ts 2 eBook Record the interest on June 30, 2021 (at the effective rate). Print Note: Enter debits before credits. Date General Journal Debit Credit eferences June 30, 2021 Record entry Clear entry View general journal Check my work 2 View transaction list Journal entry worksheet 2 3 > ook Record the interest on December 31, 2021 (at the effective rate). int Note: Enter debits before credits. General Journal Debit Credit ences Date December 31, 2021 Record entry Clear entry View general journal Complete this question by entering your answers in the tabs below. Req 1 to 3 Reg 4 des 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 Cash Interest Paid Bond Interest Expense Discount Amortization Carrying Value 01/01/2021 06/30/2021 12/31/2021