Universal Foods issued $10\%$ bonds, dated January $1,$ with a face amount of $$178$ million on January $1,2021$ to Wang Communications. The bonds mature on December $31,2035(15$ years$).$ The market rate of interest for similar issues was $12\%.$ Interest is paid semiannually on June $30$ and December $31.($FV of $$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:

$1.$ to $3.$ Prepare the journal entries to record the purchase of the bonds by Wang Communications on January $1,2021,$ interest revenue on June $30,2021$ and interest revenue on December $31,2028$