On May 1, 2019, the company sold an additional 750 bonds with warrants attached. The bonds, which mature in 2034, had a face value of $1,000 each, with 6% annual rate interest coupon interest due June 1 and December 1. Each bond carries 5 warrants to buy one share of the common stock of the company at $35.00 per share one warrant +$35 buys one share.) The bonds were sold to a private investor at 103 (priced to yield 8%), plus accrued interest. By comparison to other similar securities, the company has determined that the day after the sale the fair value of the bonds without the warrants was 98, and that the warrants would be expected to trade at $6.00. On December 31, 2019, 750 warrants (with the appropriate amount of cash) were tendered to the company in exchange for common stock. The average price of the common stock during 2019 was $20 per share.

1. Provide amortization schedule. How much the bonds discount and create Journal entry.