McWherter instruments sold $540 million of 109 bonds, dated January 1, on January 1, 2021. The bonds moture on December 3, 2040 (20 years). For bonds of simllar risk and maturity. the inarket yleid was 12%. interest is paid semiannually on Jane 30 and Decernber 31 Btanton Technologies, Inc, purchased $540.000 of the bonds as a long term investment. EV ofSE, [Y of St. EVA of S1, PYA ofSt. EVAD.OLS1 and PVAD. of $2 (Use oppropriate factor(s) from the tables provided.) Required: 1. Determine the price of the bonds issued on January 1, 2021 2. Prepare the journal enteles to record (a) their issuance by McWherter and (b) Filanton' investment on Jonuary 1.2021. 3. Piepare the journal entries by (a) McWherter and (b) Blonton to record interest on June 30.2021 (at the effective rate) 4. Prepare the journal entries by (a) McWherter and (b) Blanton to record interest on Oecember 34,2021 (at the effective ratel Complete this question by entrring your answers in the tabs below. Determinn the srice of the bonds issued on lanuary 1, 2021. (finter your answer in whote doilare.) Prepare the journal entries to record (a) their kisuance by McWherter and (b) Blanton's investment on January i, 2021. (If no entry is reguired for a transaction/event, select "No journal entry required" in the first account field. Do not round intermediate calculations. Enter your answers in whole dollars.) Prepare the journal entiles by (a) McWherter and (b) Blanton to record interest on June 30, 2021 (at the effective rate). (If no entiy is repuired for a transaction/event, select "No Journal entry required" in the first account fild. Do not round intermediate caiculations: Enter your answors in whole dollars.) Prepare the journal entries ty (a) McWherter and (b) Blanton to record 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. Do not round intermediate calculations. Enter your answers in whole dollars.)