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Convertible Debt E15.5. The December 31, 2025, balance sheet of Kepler Corp. is as follows. On March 5, 2026, Kepler Corp. called all of the

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Convertible Debt E15.5. The December 31, 2025, balance sheet of Kepler Corp. is as follows. On March 5, 2026, Kepler Corp. called all of the bonds as of April 30 for the principal plus interest through April 30. By April 30, all bondholders had exercised their conversion to common stock as of the interest payment date. Consequently, on April 30, Kepler Corp. paid the semiannual interest and issued shares of common stock for the bonds. The discount is amortized on a straight-line basis. Kepler uses the book value method. Prepare the entry(ies) to record the interest expense and conversion on April 30,2026 . Reversing entries were made on January 1,2026 . (Round to the learest dollar.) Convertible Debt E15.5. Solution April 30, 2026: Recognizing Interest expense April 30, 2026: Conversion to shares

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