Universal Foods issued $12\%$ bonds, dated January $1,$ with a face amount of $$195$ million on January $1,2021$ to Wang Communications.

The bonds mature on December $31,2038(15$ years$).$

The market rate of interest for similar issues was $14\%.$

Interest is paid semiannually on June $30$ and December $31.$

Universal uses the straight$-$line method$\mathrm{.}1.$ to $3.$ Prepare the journal entries to record the purchase of the bonds by Wang Communications on January $1,2024,$ interest revenue on June $30,2024$ and interest revenue on December $31,2031.$