Universal Foods issued 10% bonds, dated January 1, with a face amount of $110 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 appropriate factor(s) from the tables provided.) Required: 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 Se 1. 14 Prepare hejoualeny s tecan ter buance by Universal Fods on January 1.2o18,Interest on June 30.2018 and nterest on December 31, 2025