Ch. 16 Q.3 On January 1, 2019, BC corp. issued $1,200,000 of five-year zero interest bearing notes along with warrants to buy 100,000 common shares at $20 per share. On January 1, 2019 BC corp. had 9,600,000 shares outstanding and the market price was $19 per share. BC co. received $1,000,000 for the notes and warrants. If offered alone, on January 1, 2019 the notes would have been issued to yield 12% to the creditor. Assume that the company follows IFRS. Instructions: a- Prepare the journal entries to record the issuance of the notes and the warrants for the cash consideration that was received on Jan 1, 2019 b- Prepare the amortization table for the note using effective interest rate c- Prepare the journal entries for BC co. at Dec 31, 2019 assuming it is year end. d- If 30% of the warrants were exercised at Jan 1, 2021, what journal entry (s) required to record the transaction