Novak Corporation issued 5,800 , five year, 3% bonds at 105 on January 1, 2020. Interest is paid annually. Each $1,000 bond carried one detachable warrant allowing the holder to purchase 100 common shares in Novak at $11 per share, the price at which Novak shares were trading on the day of the sale of the bonds. Similar straight bonds trading on the open market paid 5%, On June 30,2020 , 1,160 of the bond holders exercised the options to buy the shares. Prepare the journal entries to record these events, (Round present value factor calculations to 5 decimal places, eg. 1.25124 and the final onswer to 0 decimal pioces e8. 58,971. Credlt account tities are outomatically indented when the amount is entered. Do not indent manually