For each of the unrelated transactions described below, present the entries required to record each transaction. 1 Pronghorn Corp. issued $20,600,000 par value 9% convertible bonds at 99. If the bonds had not been convertible, the company's investment banker estimates they would have been sold at 95. Stellar Company issued $20,600,000 par value 9% bonds at 98. One detachable stock purchase warrant was issued with each $100 par value bond. At the time of issuance, the warrants were selling for $5. Suppose Sepracor, Inc. called its convertible debt in 2020. Assume the following related to the transaction. The 10%, $10,700,000 par value bonds were converted into 1,070,000 shares of $1 par value common stock on July 1, 2020. On July 1, there was $59,000 of unamortized discount applicable to the bonds, and the company paid an additional $79,000 to the bondholders to induce conversion of all the bonds. The company records the conversion using the book value method