Eradley.Link's December 31, 2021, balance sheet included the following items: Note a: Bonds (in pert) The 8.0% bonds were issued in 2008 at 970 to yleld 10%. Interest is paid semrannually on June 30 and December 31 . Each $1,000 bond is convertible into 50 shares of the Company's no par common stock The 8.8% bonds were issued in 2012 at 105 to yleld 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 2022 On January 3, 2022. when Bradley-Link's common stock had a market pnce of $37 per share, Bradiley-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 2022,405 of the warrants were exercised. Required: 1. Prepare the joumal entnes that were recorded when each of the two bond issues was onginally sold in 2008 and 2012 2. Prepare the journal entry to record (book value method) the conversion of 90% of the convertible bonds in January 2022 and the retirement of the remainder 3. Aswume Bradiey-Unk induces conversion by offening $120 cash for each bond converted Prepare the journal entry to record (book. value methoor the conversion of 905 of the comvertible bonds in January 2022 4. Assume Bradey Link induced conversion by modifying the conversion ratio to exchange 55 shares for each bond rather than the 50 chares provided in the controct. Prepore the journal entry to record (book value method) the conversion or 90% of the convernble bonds in January 2022 5. Prepare the journal entry to record the exprise of the worrants in December 2022