Hoffman Corporation issued $85 million of 8%, 15-year bonds at 102. Each of the 85,000 bonds was issued with 12 detachable stock warrants, each of which entitled the bondholder to purchase, for $24. one share of $1 par common stock. At the time of sale, the market value of the common stock was $29 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 (le., 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.) View transaction list Journal entry worksheet 1 > Record the issuance of the bonds. Note: Enter debits before credits Event General Journal Debit Credit 1 Record entry Clear entry View general journal