2. The following is the stockholders' equity of Nobody's Business Inc. as on January 1, 2010. $ Contributed Capital: Common stock, $5 par, 100,000 shares $ Authorized 30,000 shares outstanding. 150,000 Paid-in-capital in excess of par, common 30,000 Retained earnings 900,000 The following transactions took place soon after. January 104. The board of directors declared a 10 per cent dividend to stockholders of record February 16. Paid the dividend declared on January 10h. 3. Salacious Corporation decides to retire at 105 the $100,000 bonds it had issued at 104. The related unamortized bond premium amounted to $1447. Record the transaction in the books of Salacious Corporation. Prudent Corporation has a balance of $600,000 in the Bonds Payable account. The related unamortized bond discount balance was $ 20,000. Prudent Corporation, in agreement with the bondholders decide to convert $400,000 worth of bonds into common stock of $3 each. The convertible provision stipulates that 50 shares of common stock will be issued for each bond held. Required: Show necessary joumal entries to record the above transaction