On August 1, 2021, Limbaugh Communications issued $25 million of 10% nonconvertible bonds at bondholder to purchase, for $60, 2041. Each $1,000 bond was issued with 30 detachable stock warrants, each or which entithad 20% of the bond issue, On August 1 , In February 2032. when Limbaugh's common stock had a market price of $73 per share and the unamortized discount balance was $2 million, Interstate Containers exercised the warrants it held. Required: 1. Prepare the journal entries on August 1, 2021, to record (a) the issuance of the bonds by Limbaugh and (b) the investment by Interstate. 2. Prepare the journal entries for both Limbaugh and interstate in February 2032, to record the exercise of the warrants. Complete this question by entering your answers in the tabs below. Prepare the journal entries on August 1, 2021, to record (a) the issuance of the bonds by Limbaugh and (b) the investment by Interstate. (If no entry is required for a transaction/event, select "No journal entry required" in the first account fleld. Enter yout answers in millions and round to 2 decimal places (1,e,5,500,000 should be entered as 5,50) )