Bradley-Link's December 31, 2018, balance sheet included the following items: Long-Term Liabilities 8.0% convertible bonds, callable at 102 beginning in 2019, (s in millions) $198 due 2822 (net of unamortized discount of $2) [note 8] 11.8% registered bonds callable at 105 beginning in 2028 due 2832 (net of unamortized discount of $1) [note 8] Shareholders' Equity Equity-stock warrants Note 8: Bonds (In part) The 8.0% bonds were issued in 2005 at 98.0 to yield 10%. Interest is paid semiannually on June 30 and December 31. Each $1,000 bond is convertible into 50 shares of the Company's no par common stock. The 11.0% bonds were issued in 2009 at 103 to yield 10%. Interest is paid semiannually on June 30 and December 31, Each $1,000 bond was issued with 50 detachable stock warrants, each of which entitles the holder to purchase one share of the Company's no par common stock for $30, beginning 2019 On January 3, 2019, when Bradley-Link's common stock had a market price of $37 per share, Bradley-Link called the convertible bonds to force conversion. 90% were converted; the remainder were acquired at the call price. when the common stock price reached an all-time high of $42 in December of 2019, 40% of the warrants were exercised. Requlrec: 1. Prepare the journal entries that were recorded when each of the two bond issues was originally sold in 2005 and 2009 2, Prepare the journal entry to record (book value method) the conversion of 90% of the convertible bonds in January 2019 and the retirement of the remainder 3. Assume Bradley-Link induced conversion by offering $170 cash for each bond converted. Prepare the journal entry to record (book value method) the conversion of 90% of the convertible bonds in January 2019 4. Assume Bradley-Link induced conversion by modifying the conversion ratio to exchange 55 shares for each bond rather than the 50 shares provided in the contract. Prepare the joumal entry to record (book value method) the conversion of 90% of the convertible bonds in January 2019 3. Prepare the journal entry to record the exercise of the warrants in December 2019 X Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Prepare the journal entries that were recorded when each of the two bond issues was originally sold in 2005 and 2009. (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., 10,000,000 should be entered as 10). No Event General Journal Debit Credit Cash 198 Discount on bonds payable Convertible bonds payable 200 9.0 7.0 Cash Discount on bonds payable Equity-stock warrants Convertible bonds payable 62 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3Required 4 Required 5 Prepare the journal entry to record (book value method) the conversion of 90% of the convertible bonds in January 2019 and the retirement of the remainder. (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 5.5)), No Event General Journal Debit Credit 153.0 Convertible bonds payable Loss on early extinguishment Discount on bonds payable Convertible bonds payable Loss on eary extinguishment Discount on bonds payable Cash Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4Required 5 Assume Bradley-Link induced conversion by modifying the conversion ratio to exchange 55 shares for each bond rather than the 50 shares provided in the contract, prepare the journal entry to record (book value method) the conversion of 90% of the convertible bonds in January 2019. (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 (ie., 5,500,000 should be entered as 55) Show less No Event General Journal Debit Credit Convertible bonds payable Conversion expense Discount on bonds payable Common stock Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3Required 4 Required 5 Prepare the journal entry to record the exercise of the warrants in December 2019. (If no entry is required for a transaction event, select "No journal antry 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 5.5). No Event General Journal Debit Credit Cash Equity-stock warrants Common stock