On January 1 2020, Mowgli Co. Issues 300 convertible bonds for total proceeds of KD 300,000. The bonds have a 3-year life, are issued at par, and pay annual interest of 4%. Each bond is convertible into 200 ordinary shares (par value KD 1). When the bonds are issued, the market rate of interest for similar debt without the conversion option is 8% Required: (Requirements 3-5 are not related to each other) 1. Compute the fair value of the Equity Component: F 2 Prepare the journal entry to record the issuance of the convertible bond Account Titles Debit Credit e e 3. Prepare the journal entry to record the repurchase of the convertible bond for cash at January 1, 2023, its maturity date. Account Titles Debit Credit