On January 1, 2020, A&A Company issued $4,600,000 (par value), 6% bonds with detachable warrants at 100. Each $1,000 bond comes with 1 warrant. Each warrant entitles the holder to purchase 4 common shares in A&A Company at $11 per share. On the date of issuance of the bonds, the market value of the bonds without the warrants would have been 97. The market value of each warrant on the issuance date was $17. On August 15, 2021, 1/2 of the bondholders used all of their warrants to purchase common shares. A&A Company follows IFRS. Required: 1. Prepare the journal entry for the issuance of the bonds on January 1, 2020. (1.5 marks) 2. Prepare the journal entry for the exercise of the warrants on August 15, 2021. (4.5 marks)