Agee Technology, Inc., issued 9% bonds, dated January 1, with a face amount of $460 million on July 1, 2016, at a price of $450 million. For bonds of similar risk and maturity, the market yield is 10%. Interest is paid semiannually on June 30 and December 31.

Agee Technology, Inc., issued 9% bonds, dated January 1, with a face amount of $460 million on July 1 2016, at a price of $450 million. For bonds of similar risk and maturity, the market yield is 10%. Interest is paid semiannually on June 30 and December 31. a. Prepare the journal entry to record interest at the effective interest rate at December 31. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answer in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5).) View transaction list Journal entry worksheet Record interest payment at December 31, 2016 Note: Enter debits before credits. Date General journal Debit Credit December 31 Record entry Clear entry View general journal b. What would be the amount(s) related to the bonds that Agee would report in its statement of cash flows for the year ended December 31, 2016, if it uses the direct method? (List any cash outflows with a minus sign. Enter your answer in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5).) (S in millions)