Federal Semiconductors issued thx bonds, dated January 1, wh a face amount of 5000 million on Jamuary 2.2024 4. The bonds sold for \\( \\$ 739,813,200 \\) and mature on December 31,2043 (20 years) - For bonds of similar risk and maturity the markot yield was \12. - Interest is pald semiannually on June 30 and December \\( 3 t \\) - Federal determines interest at the effective rate. - Federal elected the option to report these bonds at their tair value. - On December 31, 2024, the fal value of the bonds was \\( \\$ 730 \\) milion as determined by their market value in the overnthe-counter market. Assume the fair yalue of the bonds on December 31,2025 , had risen to \\( \\$ 736 \\) million. Required: Complete the below table to record the following journat entries: 1. 8. 2. Prepare the journal entries to record interest on june 30, 2024, December 31, 2024, and adjust the bonds to their fair value for value in 2024 was due to a decline in general interest rates and one-half of the increase in fair value in 2025 was due to a decline in general interest rates. Complete this question by entering your answers in the tabs below. Prepare the joumal entries to record interest on June 30, 2024, December 31, 2024, and adjust the bonds to their fair value for presentation in the December 31, 2024 balance sheet, and record interest on June 30, 2025, December 21, 2025, and adjust the bonds to their fair walue for presentation in the December 31, 2025, balance sheet. Foderal determined that none of the change in fair value in. 2024 was due to a decline in general interest rates and one-half of the increase in fair value in 2025 was due to a decline in general interest rates. Noce: Round intermediate calculations to nearest whole doliar. If no entry is required for a transactian/event, seiect \"No journal entry. required\" in the first account field. Journal entry worksheet (1) \\( 4 \\quad 6 \\) Record the entry to acjust the bonds to their fair value for presentation in the December 31, 2024, balance sheet. Federal determined that none of the change in fair value was due to a dedine in general interest rates. Noter Cnter debila before ovala