Question 2 On January 1, 2017 Bonobo Co. issued S20,000,000 of 10% bonds due in 10 years. Each $1,000 bond is convertible into two shares of the firm's $0.50 par value common stock. The bonds were issued at 98. On January 1, 2020, when the stock was selling for $200 per share, holders of 40% of the convertible bonds exercised their conversion options. Straight-line amortization is used for bond discounts or premiums. Instructions Prepare the necessary journal entries for the conversion of the bonds