Provide and Explain the Journal Entries for the High Ltd Convertible Bond (see table 3 on the sheet) from 1 January 2019 to 31 December 2021. Assume the bond is converted at maturity

High PG Ltd is a production company with an average eturn on assets of 8 of -796-Thcompanyneeds to raise additional funds in a competitive market environment. The Balance Sheet shows the company is currently financed as follows: nd an average Cost of de Equity and Uabilities Posltion AUD Current Liabilities Non-Current Liabilities 33,033,000 9,317,000 42,350,000 85,425,000 (28,475,000) 56,950,000 $ Total Liabilities Share Capital Accumulated losses $ Total equity As the personal assistant of the CFO L. Winters, you have been asked to evaluate the following opportunities to acquire $15 million of new capita and to Rrovide advice at the board of directors meeting on September 10th, 2018. High PG Ltd Step-up Bond Instrument Issue size Coupon Issue Price Settlement date Maturity date Step-up Bond AUD 15million 8%, 10%, 12),annual payment par on 01-January-2019 31-December-2021 High PG Ltd Convertible Bond Convertible Bond AUD 15million 5%, annual payment 01-January-2019 31-December-2021 15million $1 shares at maturity Sm Shares Without the conversion feature, the bond would be priced the same as the corporate-Bond. tep -up nstrument Issue size Coupon Settlement date Conversion rate