On January 1, 2016, Y Corp issued $ 100,000 of its 20-year convertible 6 % bonds payable at 98. The bonds are convertible into 10,000 shares of Y Corp.'s $2 par value common stock. Interest is payable annually on December 31. Y Corp uses the straight-line method of amortization to amortize any premium or discounts on its bonds. Prepare the journal entry to record the issuance of the bonds. Prepare the journal entry to record the interest payment and amortization on December 31, 2016. Prepare the journal entry assuming that Y Corp. redeems all of its bonds at maturity. Assume instead that, on January 1, 2021, (five years after the bonds were issued), all of the holders of the Y bonds convert their bonds into 10,000 shares of Y common stock. Prepare the journal entry to record the conversion of the bonds