Federal Semiconductors issued 13% bonds, dated January 1, with a face amount of $860 million on January 1, 2021. The bonds sold for $802,673,389 and mature on December 31, 2040 (20 years). For bonds of similar risk and maturity the market yield was 14%. 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. Req 1 to 3 Reg 4 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). (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in whole dollars.) View transaction list View journal entry worksheet No Debit Credit 1 Date General Journal January 01, 2021 Cash Discount on bonds payable Bonds payable 2 June 30, 2021 Interest expense Discount on bonds payable Cash 3 3 December 31, 2021 Interest expense Discount on bonds payable Cash Req 1 to 3 Reg 4 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