Hoffman Corporation issued $50 million of 7%, 20-year bonds at 104. Each of the 50,000 bonds was issued with 10 detachable stock warrants, each of which entitled the bondholder to purchase, for $20, one share of $1 par common stock. At the time of sale, the market value of the common stock was $25 per share and the market value of each warrant was $8. Prepare the journal entry to record the Issuance of the bonds. (Enter your answers in millions rounded to 1 decimal place (l.e.. 5,500,000 should be entered as 55). If no entry is required for a transaction/event, select "No journal entry required" in the first account field) View transaction et Journal entry worksheet Record the issuance of the bonds. Nato Enter debitore credits Event General Journal Debit Credit Record entry Clear entry View Journal