On January 1, 2024, Bishop Company issued 10% bonds dated January 1, 2024, with a face amount of $20 million. The bonds mature in 2033 (10 years). For bonds of similar risk and maturity, the market yieid is 12%. Interest is paid semiannually on June 30 and December 31. Note: Use tables, Excel, or a financial calculator. (FV of \$1. PV of S1. EVA of S1. PVA of S1. EVAD of S1 and PVAD of S1) Required: 1. Determine the price of the bonds on January 1,2024 2. Prepare the journal entry to record the bond issuance by Bishop on January 1, 2024. 3. Prepare the journal entry to record interest on June 30,2024 , using the effective interest method. 4. Prepare the journal entry to record interest on December 31, 2024, using the effective interest method. Complete this question by entering your answers in the tabs below. Deteemine the price of the bonds on January 1,2024. Hote: Enter your answers in whole dollars not in milions (i,e, 1,000,000 not 1). Round your intermediate carculations and final answer to the nearest whole dollar