blosson equipment inc. issued $$70$ million in $20$ year bonds to finance the expansion of its school bus manufacturing operations in Winnipeg. The bonds pay $5\%$ interest semi$-$annually and were issued at $88\mathrm{.}443$ to yield $6\%.$ prepare the Journal entry to record the amount of cash blossom received on insurance bonds. If no entry is required Insert no entry and zero for the amount.