On January 1, 2020, Sunland Corp. issued $1,115,000 of ve-year, zero-interest-bearing notes along with warrants to buy 1,030,000 common shares at $21 per share. On January 1, 2020, Sunland had 9.3 million common shares outstanding and the market price was $20 per share. Sunland Corp. received $1,030,000 for the notes and warrants. If offered alone, on January 1, 2020, the notes would have been issued to yield 12% to the creditor. Assume that the company follows IFRS. Prepare the journal entry to record the issuance of the zero-interest-bea ring notes and warrants for the cash consideration that was received. (Credit account titles are automatically indented when line amount is entered. Do not indent manually. Round answers to 0 decimal places. e3. 5,250.) Date Account Titles and Explanation Debit Credit l l l l l 1, 2020 l l l l l Prepare an amortization table for the notes using the effective interest method. (Round answers to O decimal places, e.g. 5,275.) SCHEDULE FOR INTEREST AND DISCOUNT AMORTIZATION- EFFECTIVE INTEREST METHOD Cash Effective Discount Car Date Interest Interest Amortized Am /1/20 $ 2/31/20 $ $ 2/31/21 2/31/22 2/31/23 2/31/24 tal $ $ $Prepare adjusting journal entry for Sunland Corp. at the end of its fiscal year of December 31, 2020. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Round answers to O decimal places, e.g. 5,275.) Date Account Titles and Explanation Debit Credit December 31, 2020Prepare the journal entry required for Sunland Corp. if a quarter of the warrants are exercised on January 1. 2023. [Credit account titles are automatically indented when the amount is entered. Do not indent manually. Round answers to 0 decimal places, es. 5,275.) Date Account Titllc and Explanation Debit Credit Jamar" l l l l l 1, 2023 l l l l l