Leonard in offers 10 year, 8% convertible bonds (par $1000). Each bond may be converted into common shares Similar straight bonds carty an interest rate of 10% on the open market 1.000 bonds ipar $1000) are issued at 95 on January 1 2021 8 On January 2 2024 Leonard Inc offers a cash premium of $30.000 10 bondholders if they corwert their bonds into common shares At the time the market value of the bonds is $922.632 3. Required: al Calculate the PV of the convertible bond and record the entry to issue the convertible bonds (Hint split out the liability and equity components accordingly) b) Prepare the bond amortization schedule for the first 4 years: cl Prepare the conversion eritty using the $0 Equity Method #dl Prepare the conversion entry using the Residual Method Leonard in offers 10 year, 8% convertible bonds (par $1000). Each bond may be converted into common shares Similar straight bonds carty an interest rate of 10% on the open market 1.000 bonds ipar $1000) are issued at 95 on January 1 2021 8 On January 2 2024 Leonard Inc offers a cash premium of $30.000 10 bondholders if they corwert their bonds into common shares At the time the market value of the bonds is $922.632 3. Required: al Calculate the PV of the convertible bond and record the entry to issue the convertible bonds (Hint split out the liability and equity components accordingly) b) Prepare the bond amortization schedule for the first 4 years: cl Prepare the conversion eritty using the $0 Equity Method #dl Prepare the conversion entry using the Residual Method