The Bradford Company issued 9% bonds, dated January 1, with a foce amount of $70 million on January 1,2024 to Saxton-Bose Corporation. - The bonds mature on December 31,2033 (10 years). - For bonds of similar risk and maturity, the market yield is 11% - Interest is paid semiannually on June 30 and December 31 . Required: 1. to 3. Prepare the journal entries to record the purchase of the bonds by Saxton-Bose on January 1, 2024, interest revenue on June 30,2024 and interest revenue on December 31,2024 (at the effective rate). Note: Enter your answers in whole dollars. If no entry is required for a transaction/event, select "No journal entry required" in the first account field, Use tables, Excel, or a financlal calculator. (EV oL S1. PV of \$1. EVA of S1, PVA of S1. PVAD of S1 and PVAD of S1) Universal Foods issued 8% bonds, dated January 1, with a face amount of $250 million on January 1, 2024. - The bond5 mature on December 31, 2038 (15 years). - The market rate of interest for similar issues was 10%. - Interest is paid semiannually on June 30 and December 31 . - Universal uses the straight-line method. Required: 1. Determine the price of the bonds at January 1,2024. 2. to 4. Prepare the journal entries to record their issuance by Universal Foods on January 1,2024, interest on June 30, 2024 and interest on December 31, 2031. Note: Use tables, Excel, or a financial calculator. (EV of S1, PV ofS1. EVA of S1, PVA of S1, EVAD of S1 and PVAD of S1)