On January 1, 2017, Cullumber Corp. issued $1,125,000 of five-year, zero-interest-bearing notes along with warrants to buy 1,030,000 common shares at $22 per share. On January 1, 2017, Cullumber had 9.3 million common shares outstanding and the market price was $21 per share. Cullumber Corp. received $1,030,000 for the notes and warrants. If offered alone, on January 1, 2017, the notes would have been issued to yield 11% to the creditor. Assume that the company follows IFRS.

a) Prepare the journal entry to record the issuance of the zero-interest-bearing notes and warrants for the cash consideration that was received. (Credit account titles are automatically indented when the 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. 5,250.)

b) Prepare an amortization table for the note using the effective interest method. (Round answers to 0 decimal places, e.g. 5,275.)

c) Prepare adjusting journal entry for Cullumber Corp. at the end of its fiscal year of December 31, 2017. (Credit account titles are automatically indented when the 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.)

d) Prepare the journal entry required for Cullumber Corp. if a quarter of the warrants are exercised on January 1, 2020. (Credit account titles are automatically indented when the 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.)