PLEASE HELP. IT IS ONE QUESTION WITH DIFFERENT REQUIREMENTS.

Hoffman Corporation issued $55 million of 8%,10-year bonds at 102 . Each of the 55,000 bonds was issued with 15 detachable stock warrants, each of which entitled the bondholder to purchase, for $22, one share of $1 par common stock. At the time of sale, the market value of the common stock was $27 per share and the market value of each warrant was $8. Prepare the journal entry to record the issuance of the bonds. Note: Enter your answers in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5 ). If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet Note: Enter debits before credits