Question 22 12 pts Problem 22 (12 points): On January 1, Year 1, Yellowstone Corp. issued 600 convertible bonds. Each $1,000 face value bond is convertible into 5 shares of common stock. The bonds have a 5-year term to maturity and pay interest semiannually on June 30 and December 31. Yellowstone's common stock has a par value of $20.00 per share. The bonds have a stated interest rate of 6% and pay interest semiannually. The bonds were issued to yield a market interest rate of 5%. Yellowstone will use the effective interest method to amortize the bond discount and/or premium. Round all amounts to the nearest dollar. 2.5% 3.0% 5.0% 6.0% Present value of a single sum for 5 periods 0.88385 0.86261 0.78353 0.74726 Present value of a single sum for 10 periods 0.78120 0.74409 0.61391 0.55839 Present value of an annuity for 5 periods 4.64583 4.57971 4.32948 4.21236 Present value of an annuity for 10 periods 8.75206 8.53020 7.72173 7.36009 Prepare the journal entries below for Yellowstone. If no entry is required, write "No entry required." A) (4 points) Record the JE for the convertible bond issuance on January 1, Year 1. B) (4 points) Record the JEs for June 30 and December 31, Year 1. C) (4 points) Assuming that half of the bonds were converted to common stock on January 2, Year 2, record the JE.