Universal Foods issued 8% bonds, dated January 1 , with a face amount of $225 million on January 1,2021 . The bonds mature on December 31,2030 (10 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. (FV of $1, PV of $1,FVA of \$1, PVA of \$1, FVAD of \$1 and PVAD of \$1) (Use appropriate factor(s) from the tables provided.) Required: 1. Determine the price of the bonds at January 1, 2021. 2. to 4. Prepare the journal entries to record their issuance by Universal Foods on January 1,2021 , interest on June 30,2021 and interest on December 31,2028. Complete this question by entering your answers in the tabs below. Determine the price of the bonds at January 1,2021 . (Round final answers to the nearest whole dollars.) Prepare the journal entries to record their Issuance by Universal Foods on January 1,2021 , interest on June 30 , 2021 an December 31,2028 . (Round final answers to the nearest whole dollars. If no entry is required for a transaction/event, 5 entry required" In the first account field.) Journal entry worksheet Record the issuance of the bond on January 1,2021. Note: Enter debits before credits. Prepare the journal entries to record their Issuance by Universal Foods on January 1,2021 , interest on June 30,2021 December 31, 2028. (Round final answers to the nearest whole dollars. If no entry is required for a transaction/event, entry required" in the first account field.) Journal entry worksheet Note: Enter debits before credits. Prepare the journal entries to record their Issuance by Universal Foods on January 1,2021 , Interest on June 30,2021 at December 31, 2028. (Round final answers to the nearest whole dollars. If no entry is required for a transaction/event, si entry required" In the first account field.) Journal entry worksheet