QUESTION # 2 (15 marks) (30 minutes) ABC Incorporated is a public company. ABC issued a convertible bond on January 1, 2015. The six-year, 6% $1,000,000 bond pays interest semi-annually each 30 June and 31 December. At the investor's option, each $100 bond is convertible into 20 common shares on the bond's maturity date. The market rate is 8%. The bonds were issued for $1,150,000. Required: 1. Provide the entry(s) to record issuance of the bond. (2 marks) 2. Provide the entry(s) to record interest expense and the annual cash payment for the year ended December 31, 2015(4 marks) 3. Provide the entry(s) to record the maturity of the bond, assuming that shares were issued.(2 marks) 4. Provide the entry(s) to record the maturity of the bond, assuming that cash is paid. (2 marks)