Problem 2 (20%) Randy Inc. issued $1,200,000, 6% convertible bonds on Jan. 1, 2015 at 91. Interest would be paid semi-annually on July 1 and Jan. 1. These bonds would mature on Jan 1, 2023 and be convertible at the investors' option after Jan. 1, 2018 into common shares of the company at the rate of 40 shares for each $1,000 in face (par) value. If the bonds were not convertible, the market interest rate would have been 8% per year at issuance and the bonds would have been sold at 88.23. Required 1. Prepare the journal entry to record the issuance of bonds on Jan. 1, 2015. 2. Prepare the bond amortization table for the first five payments only. 3. Half of the convertible bonds were repurchased at 98 and retired on Jan. 1, 2017 after the interest due on that day was paid. The repurchase price would have been 95 if the bonds had been non-convertible. Prepare the journal entries for the bond retirement