On January 1, Year 1, Olsen Products, Inc million of 10%, 10-year bonds payable. Interest is payable semiannually each June 30 and December 31. What is the amount of cash paid to the bondholders interest during Year 1?$ Give the adjusting entry necessary at December 31, year 1 (if any), regarding this bond issue $ If no adjusting entry is required, state "no entry required" Interest expense on this bond issue re Products' Year 1 income statement is $ With respect to this bond issue, Olsen Products' balance sheet at December, Year 1, includes bonds payable of $ and interest payable of $ (indicate $0 or "none" if the item is not reported. Give the journal entry made by Olsen Products on June 30. Year 2, to record the semiannual payment of interest to the bondholders