Exercise 12-3 (Algo) Securities held-to-maturity [LO12-13 FF&T Corporation is a confectionery wholesaler that frequently buys and sells securities to meet various investment objectives. The following selected transactions relate to FF&T's Investment activities during the last two months of 2021. At November 1, FF&T held $54 million of 25-year, 10% bonds of Convenience, Inc., purchased May 1, 2021, at face value Management has the positive intent and ability to hold the bonds until maturity. FF&T's fiscal year ends on December 31 Nov. Received semiannual interest of $2.7 million from the Convenience, Inc., bonds. 1 Purchased 15% bonds of Facsimile Enterprises at their $40 million face value, to be held until they nature in 2024 Seniannual Interest is payable May 31 and November 30. 31 Purchased U.S. Treasury bills to be held until they mature in two months for $10.8 million 31 Recorded any necessary adjusting entry(s) relating to the investments. The fair values of the investments at December 31 were: Dec. Convenience bonds Facsimile Enterprises bonds 1.5. Treasury bills $50.8 million 48.9 million 10.8 lion Required: Prepare the appropriate journal entry for each transaction or event of no entry is required for a transaction/event, select "No journal entry required in the first account field Enter your answers in millions rounded to 1 decimal place (ie, 5,500,000 should be entered as 5.5).)