On January 1, 2011, BCD Company received $880,000 upon issuance of $1 million of convertible, 10-year, 2% bonds, their interest payable semiannually on June 30 and December 31. Other information about the bonds is as follows: BCD has been using the straight-line method to amortize the $120,000 issuance discount, having judged the difference under the effective-interest method to be immaterial. Each $1,000 bond is convertible into 50 shares of BCDs $10 par value common stock, with any interest owed to bondholders upon conversion or redemption payable at that time. On February 28, 2018, BCDs common stock had a market value of $21 per share and its bonds were trading at 98. RequiredPrepare the bond-related journal entry(s) BCD should have made on February 28, 2018, and on June 30, 2018, in each of the following independent scenarios: Scenario #1: On February 28, 2018, BCD redeemed $600,000 of the bonds in an open market repurchase. Scenario #2: On February 28, 2018, investors holding $600,000 of the bonds presented them to BCD for conversion