14 218 Bradley-Link's December 31, 2021, balance sheet included the following items: is in Long-Term Liabilities millions) 11. convertible bonds, calable at 102 beginning to 2022, due 2025 (net of unaortized discount of 3) note 83 $245 11. registered bonds callable at 105 beginning in 2001, 65 Shareholders' Equity due 2005 (net of nanortized discount of $1) Inote B) Equity-stock warrants Note 8 Bonds (in part The 110% bonds were issued in 2008 at 96.0 to yield 10% interest is paid semiannunity on June 30 and December 31. Each $1,000 bond is convertible imo 50 shares of the Company's no por common stock The 11.8% bonds were issued in 2012 at 103 to yield 10% Interest is paid semiannually on June 30 and December 31. Each $1000 bond was issued with 50 detachable stock warrants, each of which entities the holder to purchase one share of the Company's no par common stock for $30, beginning 2022 On January 3, 2022. when Bradley-Link's common stock had a market price of $37 per share. Bradley Link called the convertible bonds to force conversion. 90% were converted the remainder were acquired at the call price. When the common stock price reached an all-time high of $42 in December of 2022, 40% of the warrants were exercised, Required: 1. Prepare the journal entries that were recorded when each of the two bond issues was originally sold in 2008 and 2012 2. Prepare the journal entry to record book value method the conversion of 90% of the convertible bonds in January 2022 and the retirement of the remainder 3. Assume Bradley-Link induced conversion by offering $170 cash for each bond converted. Prepare the journal entry to record book value method the conversion of 90% of the convertible bonds in January 2022 4. Assume Bradley Link induced conversion by modifying the conversion ratio to exchange 55 shares for each bond rather than the 50 shares provided in the contract. Prepare the journal entry to record (book value method the conversion of 90% of the convertible bonds in January 2022 5. Prepare the journal entry to record the exercise of the warrants in December 2022 Complete this question by entering your answers in the tabs below. 11 Red Bird 14 ICTURES 2. Prepare the journal entry to record (book value method, the conversion of 90% of the convertible bonds in January 2022 and the retirement of the remainder 3. Assume Bradley-Link induced conversion by offering $170 cash for each bond converted, Prepare the journal entry to record (book value method, the conversion of 90% of the convertible bonds in January 2022 4. Assume Bradley-Link induced conversion by modifying the conversion ratio to exchange 55 shares for each bond rather than the 50 shares provided in the contract. Prepare the journal entry to record book value method) the conversion of 90% of the convertible bonds in January 2022. 5. Prepare the journal entry to record the exercise of the warrants in December 2022. 218 points Book Complete this question by entering your answers in the tabs below. References Required 1 Required 2 Required Required 4 Required Prepare the journal entries that were recorded when each of the two bond issues was originally sold in 2008 and 2012. (If no entry is required for a transaction/event, select "No journal entry required in the first account field. Enter your answer in milions de 10,000,000 should be entered as 10), rounded to nearest whole number). View transaction lit View journal entry worksheet No Deba Credit Event 1 General Journal Cash Discount on bonds payable Convertible bonds payable 250 2 2 Cash Discount on bonds payable Bonds payable Equity-stock warrants 89 Required) 14 718 points 2. Prepare the journal entry to record (book value method the conversion of 90% of the convertible bonds in January 2022 and the retirement of the remainder 3. Assume Bradley-Link induced conversion by offering $170 cash for each bond converted. Prepare the journal entry to record book value method) the conversion of 90% of the convertible bonds in January 2022 4. Assume Bradley-Link induced conversion by modifying the conversion ratio to exchange 55 shares for each bond rather than the 50 shares provided in the contract. Prepare the journal entry to record (book value method, the conversion of 90% of the convertible bonds in January 2022 5. Prepare the journal entry to record the exercise of the warrants in December 2022 Complete this question by entering your answers in the tabs below. Required Required 2 Required 3 Required Required Prepare the youmal entry to record (book value method) the conversion of 90% of the convertible bonds in January 2022 and the retirement of the remainder (int is required for a transaction/event, select "No journal entry required in the first accounted Inter your answers in milions rounded to 1 decimal place 5,500,000 should be entered as 55) Creo View transaction in View ournal entry worksheet No Evem General Journal 1 Convertible bonds payable Discount on bonds payable Common ock Debi 2250 45 2205 2 2 25.0 Conversie bonds payable Loss on earty endingaistment Discount on bonds payable Cash 05 Required Required)