Hoffman Corporation issued $70 million of 6%, 10-year bonds at 103. Each of the 70.000 bonds was convertible into one share of $1 par common stock. Prepare the journal entry to record the issuance of the bonds. (Enter your answers in millions rounded to 1 decimal place (I.e., 3,500,000 should be entered as 5.5). If no entry is required for a transaction/event, select "No journal entry required" In the first account field.)