On January $1,2020,$ Pina Corporation issued $$4,080,000$ of $10-$year, $8\%$ convertible debentures at $104.$ Interest is to be paid semiannually on June $30$ and December $31.$ Each $$1,000$ debenture can be converted into $8$ shares of Pina Corporation $$100$ par value common stock after December $31,2021.$

On January $1,2022,$ $$408,000$ of debentures are converted into common stock, which is then selling at $$111.$ An additional $$408,000$ of debentures are converted on March $31,2022.$ The market price of the common stock is then $$115.$ Accrued interest at March $31$ will be paid on the next interest date.

Bond premium is amortized on a straight$-$line basis.

Make the necessary journal entries for:

$($a$)$ December $31,2021.($c$)$ March $31,2022.$

$($b$)$ January $1,2022.($d$)$ June $30,2022.$

Record the conversions using the book value method. $($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 $0$ for the amounts. Round answers to $0$ decimal places, e$.$g$.5,275.)$