On January 1, 2020, Concord Corporation issued a series of 100 convertible bonds, maturing in 5 years. The face amount of each bond was $500. Concord received $50,900 for the bond issue. The bonds paid interest every December 31 at 6%; the market interest rate for bonds with a comparable level of risk was 5.80%. The bonds were convertible to common shares at a rate of 10 common shares per bond. Concord amortized bond premiums and discounts using the effective interest method, and the companys year-end was December 31. On January 1, 2021, 20 of the bonds were converted into common shares. On June 30, 2021, another 20 bonds were converted into common shares. The bondholders chose to forfeit the accrued interest on these bonds. On January 1, 2022, when the fair value of the bonds was $30,450 due to a decrease in market interest rates, a conversion inducement of $27/bond was offered to the remaining bondholders to convert their bonds to common shares. All of the remaining 60 bonds were converted into common shares at this time. Prepare the journal entry to record the JUNE 30,2021 (Hint: dont forget to accrue interest and amortize the premium on the bond at year-end)