16. (5 points) G issued $6,000,000 of 6%, 5-year convertible bonds on 07-01-14 when the market rate for similar bonds was 5.5%. The bonds were dated 07-01-14 with interest payable January 01 and July 01. G incurred and paid $5,000 of bond issuance costs. On 07- 01-17 after making its interest payments, all of the bonds were converted into 100,000 shares of G's $0.10 par value common stock. At the time of the conversion, one share of G's common stock was trading for $78 per share. G only prepares AJES every December 31. Prepare the entries G should make on: