Presented below are three independent situations: (a) Ball corporation purchased $380,000 of its bonds on June 30, 2017, at 102 and immediately retired them. The carrying value of the bonds on the retirement date was $371, 500. The bonds pay annual interest and interest payment due on June 30, 2017, has been made and recorded. (b) Horton, Inc. purchased $400,000 of its bonds at 96 on June 30, 2017, and immediately retired them. The carrying value of the bonds on the retirement date was $395,000. The bonds pay annual interest and the interest payment due on June 30, 2017, has been made and recorded. (c) Valley Company has $80,000, 10%, 12-year convertible bonds outstanding. These bonds sold at face value and pay annual interest on December 31 of each year. The bonds are convertible into 40 shares of par value common stock for each $1,000 par value bond. On December 31, 2017, after the bond interest has been paid, $30,000 par value of bonds was converted. The market value of Valley's common stock was $38 per share on December 31, 2017 Instructions: For each of the independent situations, prepare the journal entry to record the retirement or conversion of the bonds