Evergrow Ltd is considering two options for raising additional financing to the tune of $225 million, and wants to assess how either possibility would impact its books. It may issue a convertible debenture which may be exchanged for 30 ordinary shares for every $100 held at maturity. or it may issue a regular debenture without any conversion options. Either instrument would be issued for three years. Should it opt to issue the debenture without conversion features, a 4% discount would apply, it would be repaid at a 5% premium, and issue costs of $4.61 million would be incurred. Either instrument would have an annual coupon rate of 8% attached, whereas the applicable market rate would be four percent higher. convertible debenture: 20 Show the relevant journal entries for the initial issue of the debenture, alongside any supporting workings o Prepare the schedule reflecting the carrying value of the debenture at the end of each year Show the relevant financial statement extracts at the end of the first year (b) Assuming Evergrow proceeds with the issue of the. regular debenture: Show the relevant journal entries for the initial issue of the debenture, alongside any supporting workings Prepare the schedule reflecting the carrying value of. the debenture at the end of each year Show the relevant financial statement extracts at the end of the first year