The Bradford Company sold 12% bonds, dated January 1, with a face amount of $85 million on January 1, 2011 to Saxton-Bose Corporation. The bonds mature in 2020 (10 years). For bonds of similar risk and maturity, the market yield is 14%. Interest is paid semiannually on June 30 and December 31. Prepare the journal entry to record interest revenue on June 30, 2011 (at the effective rate). (Enter your answers in dollars not in millions. Round "PV Factor" to 5 decimal places andfinal answers to the nearest whole dollar amount. Omit the "$" sign in your response.)