On January 1, 2015, Lin Company issued a convertible bond with a par value of pound 60,000. The bonds are convertible into 6,000 ordinary shares of pound 1 per share par value. The bond has a 5-year life and has a stated interest rate of 10% payable annually. The market interest rate for a similar non-convertible bond at January 1, 2015, is 8%. The liability component of the bond is computed to be pound 53, 993. The following bond amortization schedule is provided for this bond. (a) Prepare the journal entry to record the issuance of the convertible bond on January 1, 2015. (b) Prepare the journal entry to record the payment of interest on December 31, 2016. (c) Assume that the bonds were converted on December 31, 2017. The fair value of the liability component of the bond is determined to be pound 54,000 on December 31, 2017. Prepare the journal entry to record the conversion on December 31, 2017. Assume that the accrual of interest related to 2017 has been recorded. (d) Assume that the convertible bonds were repurchased on December 31, 2017, for pound 55, 500 instead of being converted. As indicated, the liability component of the bond is determined to be pound 54,000 on December 31, 2017. Assume that the accrual of interest related to 2017 has been recorded. (e) Assume that the bonds matured on December 31, 2019, and Lin repurchased the bonds. Prepare the entry(ies) to record this transaction