Due to increased demand for scenic helicopter tours in Sydney, Breeze Tours Ltd acquired a Helicopter on 1 July 2019 for $4,500,000. The Helicopter is expected to have a useful life to Breeze Tours Ltd of 7 years, after which time it will be towed out to sea and sunk to make an artificial reef for marine life (after all oils and solvents have been removed). Please note the following. Breeze uses the straight-line method of depreciation. On 1 July 2021, the bus is revalued to $4,000,000, and its useful life is reassessed: it is expected, at that date, to have a remaining useful life of six years. On 1 July 2022, it was unexpectedly sold for $3,700,000. On 1 July 2023, issued $5 million in convertible bonds. They are issued at their face value and pay an interest rate of 6 per cent. The interest is paid at the end of each year. The bonds may be converted to ordinary shares in Breeze Tours Ltd at any time in the next three years. Organisations similar to Breeze Tours Ltd have recently issued similar debt instruments but without the option for conversion to ordinary shares. These instruments issued by the other entities offer interest at a rate of 8 per cent. On 1 July 2024, all the holders of the convertible notes decided to convert the bonds to shares in Breeze Tours Ltd. REQUIRED Provide the journal entries to record the revaluation on 1 July 2021 and the subsequent sale on 1 July 2022 and the journal entry needed upon disposal. (4 Marks) Provide journal entries (a) record the issue of the securities on 1 July 2023, (b) recognise the interest payment on 30 June 2024; and (c) recognise the conversion of the bonds to ordinary shares on 1 July 2024. (3 Marks).