Universal Foods issued 8% bonds, dated January 1, with a face amount of $160 million on January 1, 2021. The bonds mature on December 31, 2035 (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. (FV of $1. PV of $1. EVA 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. Req1 Reg 2 to 4 Determine the price of the bonds at January 1, 2021. (Round final answers to the nearest whole dollars) Price of bonds Reg 1 Reg 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. (Round final answers to the nearest whole dollars. If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 2 3 Record the issuance of the bond on January 1, 2021. Note: Enter debits before credits Dato General Journal Debit Credit January 01, 2021 Record entry Clear entry View general Journal Journal entry worksheet 2 3 > Record the interest on June 30, 2021. Note: Enter debits before credits. Date June 30, 2021 General Journal Debit Credit Record entry Clear entry View general Journal Reg 1 Reg 2 to 4 Prepare the journal entries to record their issuance by Universal Foods on January 1, 2021, Interest on June 30, 2021 and December 31, 2028. (Round final answers to the nearest whole dollars. If no entry is required for a transaction/event, sele entry required in the first account field.) View transaction list Journal entry worksheet 2 3 > Record the interest on December 31, 2028 Note: Enter debits before credits Date December 31. 2028 General Journal Debit Credit Record entsy Clear entry View peneral Journal