on january 1,2024, when its $30 par value common stick was selling for $80 per share, swifty Corp. issued 10,300,000 of 8% convertible debentures due in 20 years. the conversion option allowed the holder of each $1,000 bond to convert the bond into five shares of the corporation's common stock. the debentures were issued for $11,124,000. the present value of the bond payments at the issueance wws $8,755,000, and the corporatiin believes the difference between the present value and the amount paid is attributed to the conversion feature. On january 1,2025, the corporation's $30 par value common stock was split 2 for 1, and the conversiin rate for bonds was adjusted accordingly. On january 1,2026, when the corporation's $15 par value common stock was selling for $135 per share, holders of $30% of the convertible debentures exercised conversion options. the corporatiin uses the straight-line method for amortizing any bond discounts or premiums. (a) prepare the journal entry to record the original issuance of the convertible debentures. b) prepare the journal entry to record the excersice of the conversion option, using the book value method.