On January 1, 2023 , when the fair value of its cammon shares was $75 per share, Crane Cerp, issued $11 miltion of 97 coisertitle: debentares due in 20 years. The coriversion option allowed the holder of each $1,000 bond to convert the bond into 4 common sharek. The debentures were issued for $11.5 million. The bond payment's peesent value at the time of issaancewas 59.1 million and the corporation believes the difference between the present value and the amount paid is attributible to the conversion feature Ont fanuary 1,2024. the corporation's common shares were spfit 2 for 1 , and the comersion rate for the bonds wess affucted acosedirwly. On Jandary 1, 2025, when the fair value of the corparatioe's common shares was $129 per share, holders of 3085 of the comertalir debentures coercised their cocrversion option. Crane applies ASPE and uses the straight-line method for amnrtizingary bond discounts or premiums. (a) Prepare the entry to record the original issuance of the convertible debentures. (Chedit occcunt vities are automatically indented when the omount is entered. Do not indent manually If no entry is required, select "No Entry" for the occount titles and enter 0 for the amounts. List all debit entries before credit entries) The parts of this question must be completed in order. This part will be available when you complete the part above. (c) The parts of this question must be completed in order. This part will be avallable when you complete the part above. (e) The parts of this question must be completed in order. This part will be avaliable when your complete the part above