On January 1, 2016, Rapid Airlines issued $270 million of its 8% bonds for $254 million. The bonds were priced to yield 10%. Interest is payable semiannually on June 30 and December 31. Rapid Airlines records interest at the effective rate and elected the option to report these bonds at their fair value. On December 31, 2016, the fair value of the bonds was $259 million as determined by their market value in the over-the-counter market. Rapid determined that $1,000,000 of the increase in fair value was due to a decline in general interest rates.

Required:

1. to 3.

Prepare the journal entry to record interest on June 30, 2016 (the first interest payment), on December 31, 2016 (the second interest payment) and adjust the bonds to their fair value for presentation in the December 31, 2016, balance sheet. (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.)

Date	General Journal	Debit	Credit
June 30, 2016	Interest expense	12,700,000
	Cash		10,800,000
	Discount on bonds payable		1,900,000
December 31, 2016	Interest expense	12,795,000
	Discount on bonds payable		1,995,000
	Cash		10,800,000
December 31, 2016	Unrealized holding lossNI	1,000,000
	Unrealized holding lossOCI
	Fair value adjustment

Looking for the values that go in the Unrealized Holding Loss - OCI and also the Fair Value Adjustment. With the calculation to get the answer please and thank you!