33 8. XYZ Inc needs to finance a new division. The company needed a $6 million 34 of additional funancing, for Jan 1, 2019, ABC borrowed money as follows: 35 a. xyz issued a $4,000,000, 10%, 10 year convertible bonds. The Bondos sold 36 at 104 Interest payable on Jan 1 and July 1. 37 38 Prepare Journal entries for the following: 39 a. The issuance of the bonds on Jan 1, 2019 40 b. Interest expense on July 1, and Dec 31 2019 41 c. Record the amortization of the premium or discount of the bonds 42 at July 1, dec 31 2020, using straight line amortization. 43 d. What will be the value of the bond at Dec 31, 2020 44