KY Mania Enterprises issued 11% bonds dated January 1, 2020, with a principal amount of OR 60 million. The bonds mature in 2029 (10 years). For bonds of similar risk and maturity, the market yield is 9%. Interest is paid semiannually on June 30 and December 31. Present value factor of ordinary annuity of $ at (i=4.5%,n=20) = 13.00794 Present value of $1 at (i=4.5%, n=20) = 0.41464 Required: 1. Determine the price of the bonds on January 1, 2020 2. Prepare the journal entry to record the bond issuance by Mania on January 1, 2020. 3. Prepare the journal entry to record interest on June 30, 2020, using the effective interest method. T: A B I U X2 KI Al