Bradley$-$LInk's December $31,2024,$ balance sheet Included the following Items:

Long$-$Term Liabilities

$9\mathrm{.}6\%$ convertible bonds, callable at $101$ beginning in $2025,$ due $2028$

$($net of unamortized discount of $$2)[$note $8]$

$4\%$ registered bonds callable at $194$ beginning in $2034,$

due $2038($net of unamortized discount of $$1)[$note $8]$

Shareholders' Equity

Equity$-$stock warrants

$($ $ in millions$)$

$198$

$49$

$4$

Note $8$: Bonds $($In part$)$

The $9\mathrm{.}6\%$ bonds were issued in $2011$ at $97\mathrm{.}5$ to yleld $10\%.$ Interest is pald semlannually on June $30$ and December $31.$ Each $$1,000$ bond

Is convertible Into $40$ shares of the Company's no par common stock.

The $10\mathrm{.}4\%$ bonds were issued in $2015$ at $102$ to yleld $10\%.$ Interest is pald semlannually on June $30$ and December $31.$ Each $$1,000$

bond was issued with $40$ detachable stock warrants, each of which entitles the holder to purchase one share of the Company's no par

common stock for $$25,$ beginning $2025.$

On January $3,2025,$ when Bradley$-$Link's common stock had a market price of $$32$ per share, Bradley$-$Link called the convertible

bonds to force conversion. Ninety percent were converted; the remainder were acquired at the call price. When the common stock

price reached an all$-$time high of $$37$ in December of $2025,40\%$ of the warrants were exercised.

Required:

Prepare the journal entrles that were recorded when each of the two bond issues was originally sold in $2011$ and $2015.$

Prepare the journal entry to record $($book value method$)$ the conversion of $90\%$ of the convertible bonds in January $2025$ and the

retirement of the remainder.

Assume Bradley$-$Link Induced conversion by offering $$150$ cash for each bond converted. Prepare the journal entry to record

$($book value method$)$ the conversion of $90\%$ of the convertible bonds in January $2025.$

Assume Bradley$-$Link Induced conversion by modifying the conversion ratio to exchange $45$ shares for each bond rather than the

$40$ shares provided in the contract. Prepare the journal entry to record $($book value method$)$ the conversion of $90\%$ of the

convertible bonds in January $2025.$

Prepare the Journal entry to record the exercise of the warrants in December $2025.$

Complete this question by entering your answers in the tabs below.

Prepare the journal entry to record $($book value method$)$ the conversion of $90\%$ of the convertible bonds in January $2025$ and the

retirement of the remainder.

Note: If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field. Enter your answers in

millions rounded to $1$ decimal place $($i$.$e$.,5,500,000$ should be entered as $5\mathrm{.}5)$