On January 1, 2020, Teal Corporation issued $3,860,000 of 10-year, 8% convertible debentures at 104. Interest is to be paid semiannually on June 30 and December 31. Each $1,000 debenture can be converted into 8 shares of Teal Corporation $102 par value common stock after December 31, 2021. On January 1, 2022, $386,000 of debentures are converted into common stock, which is then selling at $113. An additional $386,000 of debentures are converted on March 31, 2022. The market price of the common stock is then $119. Accrued interest at March 31 will be paid on the next interest date. Bond premium is amortized on a straight-line basis. Make the necessary journal entries for: (a) December 31, 2021. (c) March 31, 2022. (b) January 1, 2022. (d) June 30, 2022. Record the conversions using the book value method. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts. Round answers to 0 decimal places, e.g. 5,275.) No. Date Account Titles and Explanation Debit Credit (a) Dec. 31, 2021'interest Expense 1466801 Premium on Bonds Payable 7720 Cash 154400 (b) Jan. 1, 2022 Bonds Payable 386000 Premium on Bonds Payable 14668 Common Stock 314976 Paid-in Capital in Exces 85692 (c) Mar. 31, 2022 Interest Expense 7334 Premium on Bonds Payable 386 > 7720 Interest Payable (To record interest expense) Mar. 31, 2022 Bonds Payable 386000 Premium on Bonds Payable 15054 Common Stock 314976 X 86078 Paid-in Capital in Exces (To record the conversion) (d) Jun. 30, 2022 Interest Expense 117344 Premium on Bonds Payable 6176 Interest Payable 7720