Universal Foods issued 10% bonds, dated January 1, with a face amount of $260 million on January 1, 2018 The bonds mature on December 31, 2037 (20 years). The market rate of interest for similar issues was 12%. Interest is paid semiannually on June 30 and December 31, Universal uses the straight-line method. Evo 1, P of $LEVA of $1. PVA of $1 EVAD of $1 and DVAD of SD (Use appropriate factor(s) from the tables provided.) Required 1. Determine the price of the bonds at January 1, 2018. 2. to 4. Prepare the journal entry to record their issuance by Universal Foods on January 1, 2018, interest on June 30, 2018 and interest on December 31, 2025. Req 1 Req 2 to 4 Determine the price of the bonds at January 1, 2018. (Enter your answers in whole dollars.) Table values are based on: Cash Flow Interest Principal AmountPresent Value Price of bonds Req Req 2 to 4 Prepare the journal entry to record their issuance by Universal Foods on January 1, 2018, interest on June 30, 2018 and interest on December 31, 2025. (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.)