16-74 Stonewall Corporation issued $20,000 of 5%, 10-year convertible bonds. Each $1 000 bond is convertible to 10 Conngoshares of common stock (par $50) of Stonewall Corporation. The bonds were sold at 105 on January 1,2030 Convertible Bonds LOB int See Demo 168 Required a. Provide the entry for Stonewall Corporation on January 1,2020, for the bond issuance. b. Provide entries for Stonewall Corporation assuming that the conversion privilege is subsequently exercisd immediately after the end of the third year. Assume that at the date of conversion, 30% of any premium r discount has been amortized and the common stock was selling at $125 per share