On March 1, 2016, Brown-Ferring Corporation issued $100.5 million of 12% bonds, dated January 1, 2016, for $96 million (plus accrued interest). The bonds mature on December 31, 2035, and pay interest semiannually on June 30 and December 31. Brown-Ferring's fiscal period is the calendar year. Required: Determine the amount of accrued interest that was included in the proceeds received from the bond sale. (Enter your answers in millions rounded to 2 decimal places (i.e., 5, 500,000 should be entered as 5.50).) Prepare the journal entry for the issuance of the bonds by Brown-Ferring. (If 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 2 decimal places (i.e., 5, 500,000 should be entered as 5.50).)