On March $1,2024,$ Brown$-$Ferring Corporation issued $$102\mathrm{.}0$ million of $9\%$ bonds, dated January $1,2024,$ for $$98$ million $($plus accrued interest$).$ The bonds mature on December $31,2043,$ and pay interest semiannually on June $30$ and December $31.$ Brown$-$Ferring$$s fiscal period is the calendar year.

Required:

Determine the amount of accrued interest that was included in the proceeds received from the bond sale.

Prepare the journal entry for the issuance of the bonds by Brown$-$Ferring.