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Please help with this question below. Bradley-Link's December 31,2024 , balance sheet included the following items: Note 8: Bonds (in part) The 8.0% bonds were

Please help with this question below.

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Bradley-Link's December 31,2024 , balance sheet included the following items: Note 8: Bonds (in part) The 8.0% bonds were issued in 2011 at 94.0 to yield 10%. Interest is paid semiannually on June 30 and December 31 . Each $1,000 bond is convertible into 50 shares of the Company's no par common stock. The 8.8% bonds were issued in 2015 at 103 to yield 10%. Interest is paid semiannually on June 30 and December 31 . Each $1,000 bond was issued with 50 detachable stock warrants, each of which entitles the holder to purchase one share of the Company's no par common stock for $30, beginning 2025. On January 3, 2025, when Bradley-Link's common stock had a market price of $37 per share, Bradley-Link called the convertible bonds to force conversion. Ninety percent were converted; the remainder were acquired at the call price. When the common stock price reached an all-time high of $42 in December of 2025,40% of the warrants were exercised. Required: 1. Prepare the journal entries that were recorded when each of the two bond issues was originally sold in 2011 and 2015 . 2. Prepare the journal entry to record (book value method) the conversion of 90% of the convertible bonds in January 2025 and the retirement of the remainder. 3. Assume Bradley-Link induced conversion by offering $140 cash for each bond converted. Prepare the journal entry to record (book value method) the conversion of 90% of the convertible bonds in January 2025. 4. Assume Bradley-Link induced conversion by modifying the conversion ratio to exchange 55 shares for each bond rather than the 50 shares provided in the contract. Prepare the journal entry to record (book value method) the conversion of 90% of the convertible bonds in January 2025. 5. Prepare the journal entry to record the exercise of the warrants in December 2025

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