many times, I submitted the questions, but I got incorrect. please, I need to answer this question correct.

Assume that a foreign company using IFRS is owned by a company using U.S. GAAP. Thus, IFRS balances must be converted to US GAAP to prepare consolidated financial statements. Ignore income taxes. Izmir A S. issued convertible bonds at their face value of 133,000 lira on December 31. 2020. The bonds have a 8 -year life with interest of 13 percent payable annually. At the date of issue, the prevailing interest rate for similar debt without a conversion option was 15 percent Required: a. Prepare journal entries for this compound financial instrument for the year ending December 31, 2020, under (1) IFRS and (2) US GAAP b. Prepare the entry(ies) that the US. parent would make on the December 31, 2020, conversion worksheet to convert IFRS balances to US GAAP Complete this question by entering your answers in the tabs below. decimais, Round your intermediste and final answers to nearest whole dollar.) Complete this question by entering your answers in the tabs below. Prepare journal entries for this compound financial instrument for the year ending December 31, 2020, under (1) IFRS and (2) U.S. GAAP. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round PV factor to 7 decimals. Round your intermediate and final answers to nearest whole dollar.) Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Prepare the entry(ies) that the U.S. parent would make on the December 31,2020 , conversion worksheet to convert IFR balances to U.S. GAAP. (If no entry is required for a transaction/event, select "No journal entry required" in the first accou field. Round PV factor to 7 decimals. Round your intermediate and final answers to nearest whole dollar.)