I need help please!On January $1,2025,$ Waterway Corporation issued $$1,110,000$ of $15-$year, $11\%$ convertible debentures at $110.$ Interest is to be paid

semiannually on June $30$ and December $31.$ Each $$1,000$ debenture can be converted into $4$ shares of Waterway Corporation $$5$ par

value common stock after December $31,2026.$

On January $1,2027,$ $$444,000$ of the debentures is converted into common stock, which is then selling at $$280.$ An additional

$$444,000$ of the debentures is converted on May $31,2027.$ The market price of the common stock is then $$290.$ Accrued interest at

May $31$ will be paid on the next interest date.

Bond premium is amortized on a straight$-$line basis.

Make the necessary journal entries for:

$($a$)$ December $31,2026$

$($c$)$ May $31,2027$

$($b$)$ January $1,2027.$

$($d$)$ June $30,2027$

Record the conversions using the book value method. $($Credit account titles are automatically indented when amount is entered. Do not

indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts. Round answers to $0$ decimal place,

e$.$g$.5,275.$ List all debit entries before credit entries.$)$

No$.$ Date Account Titles and Explanation