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Birdwell Corp has the following information available for the year 2020. 1. As of January 1, 2020, there were 500,000 shares of its $1 par common stock authorized, 350,000 shares issued, and 250,000 shares outstanding. The treasury stock on the books at this time was recorded at a cost of $9 per share. 2. The company had convertible bonds outstanding during the entire year. In total, the bonds were convertible into 5,000 shares of common stock. The interest expense incurred on the convertible bonds totaled $120,000 for the year. None of the bonds were converted during the year. 3. There were 15,000 employee stock options granted during the prior year on June 30, 2019 that were scheduled to vest on June 30, 2020. The options had an estimated grant date fair value of $5 and a strike price of $12 per share. The options vested as scheduled on June 30, 2020. 4. On February 1, 2020, Birdwell resold 40,000 shares of treasury stock for $20 per share. a. Prepare all necessary equity-related journal entries for the year 2020