4 (8 marks) On July 1, 2022, Pound Inc issued $1,200,000 (par value), 7% bonds for $1,100,000. Included with each $1,000 bond were 20 detachable warrants, each warrant giving the holder the right to purchase one of Pound's no par value common shares for $17. At this time, the bonds without the warrants would normally sell for $1,040,000, while the market price of the warrants was $3.20 per warrant. On October 31, 2022, when the market price of the common shares was $19 each, and the market value of the warrants was $4.00 each, 6,000 warrants were exercised. Pound adheres to IFRS. Do the journal entries for a) the bond issue on July 1, 2022 Date Account Titles and Explanation Ref Debit Credit b) the exercise of the warrants on October 31, 2022. Date Account Titles and Explanation Ref Debit Credit