The Bradford Company issued $8\%$ bonds, dated January $1,$ with a face amount of $$75$ million on January $1,2021$ to Saxton$-$Bose Corporation. The bonds mature on December $31,2030(10$ years$).$ For bonds of similar risk and maturity, the market yield is $10\%.$ Interest is paid semiannually on June $30$ and December $31.($FV of $$1,$ PV of $$1,$ FVA of $$1,$ PVA of $$1,$ FVAD of $$1$ and PVAD of $$1)$

Required:

$1.$ to $3.$ Prepare the journal entries to record the purchase of the bonds by Saxton$-$Bose on January $1,2021,$ interest revenue on June $30,2021$ and interest revenue on December $31,2021($at the effective rate$).$