Exercise 6 On January 1, 2021, Moskov Company issued 20,000 convertible bonds The 6% bonds have a 5-year term and were issued at 112. Each of the 1,000 face value bond is convertible into 100 ordinary shares of Moskov Company whose par value was P5. When the bonds were issued, the prevailing market rate for a similar debt instrument without conversion feature is 8% On January 1, 2023, bond holders exercised their conversion option. 12,000 were converted when the prevailing market price of Moskov Company's ordinary shares was P1030 Required: 1. The initial measurement of the bond liability is 2. The amount of premium or discount in relation to the bond issuance 3. The initial measurement of the equity eiement 4. Interest expense in 2021 5. Carrying value of the bond liability on December 31, 2022 6. The share premium arising from the conversion in 2023