14-2. On January 1, 2016, Gless Textiles issued $12.6 million of 9%, 10-year convertible bonds at 103. The bonds pay interest on June 30 and December 31. Each $1,000 bond is convertible into 30 shares of Gless's no par common stock. Bonds that are similar in all respects, except that they are nonconvertible, currently are selling at 97 (that is, 97% of face amount). Century Services purchased 10% of the issue as an investment. Required: Assume Gless Textiles prepares its nancial statements according to International Financial Reporting Standards. Prepare the journal entries for the issuance of the bonds by Gless and the purchase of the bond investment by Century. (If no journal entry is required for a particular event, select "No journal entry required" in the rst account eld. Enter your answers in whole dollars.)