On July 1, 20X1, Mirage Company issued $250 million of bonds with an 8% coupon interest rate. The bonds mature in 10 years and p interest semiannually on June 30 and December 31 of each year. The market rate of interest on July 1, 20X1, for bonds of this risk clas was 8%. Mirage closes its books on December 31. Ignore income taxes. Use the following links to the present value tables to calculat answers. (PV of 1, PVAD of 1, and PVOA of 1) (Use the appropriate factor(s) from the tables provided.) Required: 1. At what price were the bonds issued? 2. On July 1,203, the market interest rate for bonds of this risk class is 6%. What is the fair value of the bonds on this date? 3. Suppose that 50% of the bonds were repurchased for cash on July 1,203, at the market price. What journal entry would the company make to record this partial retirement? Complete this question by entering your answers in the tabs below. 1. At what price were the bonds issued? (Do not round intermediate calculations. Enter your answer rounded to the nearest whole dollar and not millions of dollars.) 2. On July 1,203, the market interest rate for bonds of this risk class is 6%. What is the fair value of the bonds on this date? (Do not round intermediate calculations. Enter your answer rounded to the nearest whole dollar and not millions of dollars.) Suppose that 50% of the bonds were repurchased for cash on July 1,203, at the market price. What journal entry would the company make to record this partial retirement? (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 rounded to the nearest whole dollar and not millions of dollars.) Journal entry worksheet Prepare the entry to record the partial retirement of the bonds. Note: Enter debits before credits