On January 1, 2014, Gottlieb Corporation issued $3,120,000 of 10-year, 10% convertible debentures at 103. Interest is to be paid semiannually on June 30 and December 31. Each $1,000 debenture can be converted into 8 shares of Gottlieb Corporation $104 par value common stock after December 31, 2015. On January 1, 2016, $312,000 of debentures are converted into common stock, which is then selling at $114. An additional $312,000 of debentures are converted on March 31, 2016. The market price of the common stock is then $118. 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, 2015.		(c)		March 31, 2016.
(b)		January 1, 2016.		(d)		June 30, 2016.