On January 1, 2018, Gless Textiles issued $13.5 million of 8%, 10-year convertible bonds at 102. The bonds pay interest on June 30 and December 31. Each $1,000 bond is convertible into 50 shares of Glesss no par common stock. Bonds that are similar in all respects, except that they are nonconvertible, currently are selling at 98 (that is, 98% of face amount). Century Services purchased 9% of the issue as an investment. Required: Assume Gless Textiles prepares its financial statements according to International Financial Reporting Standards. Prepare the journal entry for the issuance of the bonds by Gless using the net method