On March 1, 2021, Brown-Ferring Corporation issued $104.0 million of 15% bonds, dated January 1, 2021, for $98 million (plus accrued interest). The bonds mature on December 31, 2040, and pay interest semiannually on June 30 and December 31 . Brown-Ferring's fiscal perlod is the calendar year. Required: 1. Determine the amount of accrued interest that was included in the proceeds recelved from the bond sale. 2. Prepare the journal entry for the issuance of the bonds by Brown-Ferring. Complete this question by entering your answers in the tabs below. Determine the amount of accrued interest that was included in the proceeds received from the bond sale. (Enter your answer in millions and round to 2 decimal places (1.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 joumal entry required" in the first account field. Enter your answers in millions and round to 2 decimal places ( (1.6,5,500,000 should be entered as 5.50) )