Federal Semiconductors issued 9% bonds, dated January 1, with a face amount of $750 million on January 1, 2021. The bonds sold for $685,656,788 and mature on December 31, 2040 (20 years). For bonds of similar risk and maturity the market yield was 10%. Interest is paid semiannually on June 30 and December 31 Required: 1. to 3. Prepare the journal entries to record their issuance by Federal on January 1, 2021, Interest on June 30, 2021 (at the effective rate) and interest on December 31, 2021 (at the effective rate). 4. At what amount will Federal report the bonds among its liabilities in the December 31, 2021, balance sheet? Complete this question by entering your answers in the tabs below. Reg 1 to 3 Reg 4 Prepare the journal entries to record their issuance by Federal on January 1, 2021, interest on June 30, 2021 (at the effective rate) and Interest on December 31, 2021 (at the effective rate). (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in whole dollars.) Journal entry worksheet Journal entry worksheet Record the interest on December 31, 2021 (at the effective rate). Note: Enter debits before credits. Date December 31, 2021 General Journal Debit Credit Record entry Clear entry View general journal Reg 1 to 3 Req 4 > IUJ UMINY Islandes lil the December 31, 20 Complete this question by entering your answers in the tabs below. Req 1 to 3 Req 4 At what amount will Federal report the bonds among its liabilities in the December 31, 2021, answers in whole dollars.) Period-End Cash Interest Paid Bond Interest Expense Discount Amortization Carrying Value 01/01/2021 06/30/2021 12/31/2021