ANSER ALL PARTS AS SHOWN IN THE PHOTO

Bridgeport Corporation has outstanding $2,300$$$1,000$ bonds, each convertible into $40$ shares of $$10$ par value common stock. The

bonds are converted on December $31,2020,$ when the unamortized discount is $$28,300$ and the market price of the stock is $$21$ per

share.

Record the conversion using the book value approach. USE ONLY BOOK VALUE