1. For each of the unrelated situations described below, prepare the entry(ies) required to record the transactions. All companies are reporting under IFRS. a) On August 1, 2019, Richer Corporation called its 10% convertible bonds for conversion. The $4,000,000 par value bonds were converted into 160,000 no par common shares. On August 1. there was $350,000 of unamortized premium applicable to the bonds. At the time of issuance, Contributed Surplus-Conversion Rights was credited for $150,000, which represented the equity portion of the convertible bonds, and the market value of the common shares was $20 per share. The company records the conversion using the book value method. Ignore all interest payments. b) On September 1, 2019, Boston Price Ltd. issued 100,000 rights to the shareholders. Ten rights are needed to buy one share at $32 and the rights are void after 30 days. The shares' market price at the time of issuance was $34 per share. All but 10,000 of the rights issued were exercised prior to expiry on September 30, 2019. On November 1, 2019, Denzel Washington Inc. issues 10% convertible bonds, par $1,000,000, at 97. The investment banker indicates that if the bonds had not been convertible they would have sold at 94. The value of the conversion rights is estimated at $4,500. c) Assume that Denzel Washington Inc. in (c) above is reporting under ASPE, describe with the use of general journal entry(ies) the option(s) available to record this transaction