On January 1, 2019, Teal issued 10-year, $200,000 face value, 6% bonds at par. Each $1,000 bond is convertible into 30 shares of Teal $2 par value common stock. The company has had 10,000 shares of common stock (and no preferred stock) outstanding throughout its life. None of the bonds have been converted as of the end of 2020. (gnore all tax effects.) (a) Your answer is correct. Prepare the journal entry Teal would have made on January 1, 2019, to record the issuance of the bonds, CIF no entry is required, select "No entry for the account titles and enter for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually) Debit Credit Date Account Titles and Explanation Jan 31. Cash 2019 200000 Bonds Payable 200000 Teal's net income in 2020 was $32,000 and was $28,000 in 2019. Compute basic and diluted earnings per share for Teal for 2020 and 2019. (Round answers to 2 decimal places, 69.52.75.) 2020 2019 Basic earning per share 3 2.70 Diluted earning per share 2.63 2.44