On January $1,2020,$ Pina Corporation issued a series of $100$ convertible bonds, maturing in $5$ years. The face amount of each b was $$500.$ Pina received $$51,200$ for the bond issue. The bonds paid interest every December $31$ at $6\%$; the market interest rat bonds with a comparable level of risk was $5\mathrm{.}80\%$ which would give the bonds alone without the conversion feature a balance of $$50,424.$ The bonds were convertible to common shares at a rate of $12$ common shares per bond. Pina amortized bond premiums and discounts using the effective interest method, and the company's year$-$end was December $31.$

On January $1,2021,20$ of the bonds were converted into common shares.

Required

Assuming Pina uses IFRS prepare the journal entries required at the following dates

a$.$ January $1,2020$

b$.$ December $31,2020$

c$.$ January $1,2021$

Assuming Pina uses ASPE prepare the journal entries required at the following dates under both choices av Private Entity GAAP.

a$.$ January $1,2020$

b$.$ December $31,2020$