Nero Solutions Co$.$ issued an $$830,000,7\%,$ three$-$year bond for $$836,000.$ The bond pays interest annually, at each year$-$

end. At maturity, the bond can be repaid in cash or converted to $63,000$ common shares at the investor's option. The market

interest rate for bonds of similar term and risk, but that are not convertible, is in the range of $8\%.$

Required:

Calculate the portion of the bond to be recorded as a liability. $($Do not round intermediate calculations. Round your final

answer to the nearest whole dollar amount.$)$

Provide the entry to record issuance of the bond. $($If no entry is required for a transaction$/$event$,$ select $"$No journal entry

required" in the first account field. Do not round intermediate calculations. Round your final answers to the nearest

whole dollar amount.$)$