6.39/10 Total points Hoffman Corporation issued $70 million of 6%, 10-year bonds at 103. Each of the 70,000 bonds was issued with 12 detachable stock warrants, each of which entitled the bondholder to purchase, for $28, one share of $1 par common stock. At the time of sale, the market value of the common stock was $33 per share and the market value of each warrant was $5 Prepare the journal entry to record the issuance of the bonds. (Enter your answers in millions rounded to 1 decimal place (i.e. 5,500,000 should be entered as 5.5). If no entry is required for a transaction/event, select "No journal entry required" in the first d account field.) Credit No 700 3500 3