On January 1, 2025, Sunland Corporation issued $4,260,000 of 10-year, 8% convertible debentures at 102. Interest is to be paid semiannually on June 30 and December 31. Each $1,000 debenture can be converted into 8 shares of Sunland Corporation $100 par value common stock after December 31, 2026. On January 1, 2027, $426,000 of debentures are converted into common stock, which is then selling at $110. An additional $426,000 of debentures are converted on March 31, 2027. The market price of the common stock is then $115. 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, 2026. C. March 31, 2027. b. January 1, 2027. d. June 30, 2027.