Hoffman Corporation issued $80 million of 7%, 10-year bonds at 104. Each of the 80.000 bonds was issued with 11 detachable stock warrants, each of which entitled the bondholder to purchase, for $22, one share of $1 par common stock. At the time of sale, the market value of the common stock was $27 per share and the market value of each warrant was $5. Prepare the journal entry to record the issuance of the bonds. (Enter your answers in millions rounded to 1 decimal place (i.e., 5,500,000 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.) 1 No Event 71 Cash Answer is not complete. General Journal Debit Credit Discount on bonds payable Bonds payable Equity-stock warrants