Marigold Corporation is a regional company which is an SEC registrant. The corporation's securities are thinly traded on NASDAQ. Marigold Corp. has issued 16,000 units. Each unit consists of a $800 par, 12% subordinated debenture and 16 shares of $8 par common stock. The units were sold to outside investors for cash at $1,408 per unit. Prior to this sale, the 2-week ask price of common stock was $64 per share. Twelve percent is a reasonable market yield for the debentures, and therefore the par value of the bonds is equal to the fair value. (a) Prepare the journal entry to record Marigold's transaction, under the following conditions. (Round answers to 0 decimal places, e.g. $38,487. 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 o for the amounts.) (1) Employing the incremental method. (2) Employing the proportional method, assuming the recent price quote on the common stock reflects fair value. No. Account Titles and Explanation Debit Credit 1. Cash 22,528,000 Bonds Payable 12,800,000 Common Stock 2,048,000 Paid-in Capital in Excess of Par - Common Stock 7,680,000 2. Cash 22,528,000 icon Discount on Bonds Payable 284,444 Bonds Pavable 12.800.000 Bonds Payable 12,800,000 Common Stock 2,048,000 Paid-in Capital in Excess of Par - Common Stock 7,680,000 2. Cash 22,528,000 Discount on Bonds Payable 284,444 Bonds Payable 12,800,000 Common Stock 2,048,000 Paid-in Capital in Excess of Par - Common Stock Click if you would like to Show Work for this question: Open Show Work SHOW LIST OF ACCOUNTS