connect.html7rRegstrue&returnuri: https%3A%2F%2Fcorp C27Sgninto your account aconnect rhedcationcernno Toos Help Creait Bradley Link's December 31, 2018, balance sheet included the following items ($ in millions) Long-Tern Liabilities 9.0% convertible bonds, callable at 103 beginning in 2019, [note 8 in 2028. due 2032 (net of unamortized discount of $2) $196 due 2022 (net of unamortized discount ot 4) 11.0s zegistered bonds callable at 106 beginning note 81 Shareholders Equity Equity-stock varranta Note 8:Bonds (in part) bond is convertible into 30 shares of the Company's no par common stock The t10% bonds were issued n 2009 at 104 to yield di interest is paid semiannuay on June 30 and December 31 Each stooo The 9 0% bonds were issued in 2005 at 975 to yield% interest is paid semiannually on June 30 and December 31 Each $1,000 bond was issued with 30 detachable stock warrants, each of which entitles the holder to purchase one share of the Company's no par common stock for $25, beginning 2019. or, January 3, 2019, when Bradley Ink's common stock had a market price or S32 per share, Bradley-Unk called the convertibe bonds to trce conversion 90% were converted,the remainder were acquired at me al pe when he comman stee oce reached an all-time high of $37 n December of 2019, 40% of the warrants were exercised Required: 1. Prepare the journal entries that were recorded when each of the two bond issues was ornginally sold in 2005 and 2009. 2. Prepare the journal entry to record (book vaue methoc) the conversion of 90%of the convertible bonds im January 2019 and the retirement of the remainder 3. Assume Bradiey Link induced conversion by offering $160 cash for each bond converted. Prepare the journal entry to record (book value method) the conversion of 90% or the converttie bores n January 2019 4. Assume Bradiey Link induced conversion by moditying the conversion ratio to exchange 35 shares for each bond rather than the 30 shares onded l the contract. Pre are the journal entry to record ook value method the conversion of 90% of the converte bonds in January 2019 5. Prepare the journal entry to record the exercise of the warrants in December 2019. Complete this question by entering your answers n the tabs below. 2Requred 3 Prepare the journal "try to record (boek value method) the conversion of 90% of the convertible bonds in anuary 2010 and Prev 1 or 1 Nx e to search DOLL