Jane Inc. issued 8% bonds with a face of $870,000,000 for $806,000,000 cash on January 1, 2021, when the market effective rate was 10%. Jane pays interest semiannually on June 30 and December 31, records interest at the effective rate, and elected the option to report these bonds at their fair value at year-end, 12/31. There was no change in rates during the first 6 months of 2021. On December 31, 2021, the fair value of the bonds was $822,000,000, and $1,000,000 of the increase in fair value was due to a change in the general (risk-free) rate of interest. Required: 1. Record the first interest payment on June 30, 2021. Round your answer the the nearest $. 2. Record the second interest payment on on December 31, 2021. Round your answer to the nearest $. 3. Record the fair value adjustment on December 31, 2021. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare the journal entry to record interest on June 30, 2021 (the first interest payment). (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.) View transaction list Journal entry worksheet 1 Record the interest on June 30, 2021