Please answer ASAP. I'll give you thumbs up. *IFRS*

Beaumont Corp. issues a 10-year semiannual convertible 6.3% bond with a face value of 2,980,000. The bond was issued at 103.8. Comparable bonds without a conversion feature would have required a return of 8.2%. Show all your work. 1. What was the market rate interest of the bonds (when they were sold)? PMT = FV Annual Interest rate 2. Determine how much of the proceeds would be allocated to debt and how much to equity? PMT FV- Debt % Equity % Give the entry to record the issuance of the bond. 3. 4. Give the journal entry for the first and second interest payments. Use the following chart to get the answer (E) Bond st(B)interest Amortization Unamortized carrying Interest periods payable expense amount Issue Entry for the first interest payment Entry for the second interest payment