b'radley$-$Link's Vecember $31,2024,$ balance sheet Included the following Items:

Long$-$Term Liabilities

$11.$ Ox convertible bonds, callable at $101$ beginning in $2025,$ due $2028($net of unamortized discount of $$4)[$note $8]$

$11\mathrm{.}8$x registered bonds callable at $194$ begining in $2034,$ due $2038($net of unsmortized discount of $$1)[$note $8]$ Shareholders? Equity

Equity$-$stock warrants

$($$ in nililons$)$

$$196$

$51$

$6$

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

The $11\mathrm{.}0\%$ bonds were issued in $2011$ at $97\mathrm{.}0$ 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 $11\mathrm{.}8\%$ bonds were issued in $2015$ at $102$ to yleld $10\%.$ Interest is paid 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 exerclsed.

Required:

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

$2$ 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 converslon by offertng $$140$ 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 converslon by modifyling the converslon ratlo 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 converslon of $90\%$ of the convertible bonds In January $2025.$

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