QUESTION 3 [20] Hastings Limited issued 350 000 debentures on 1 January 2017 at their face value of R17 each which was their fair value on issue date. The debentures offered interest based on a coupon rate of 10% - The debenture holder has the option to convert the debentures on 31 December 2019 into 1 000 ordinary shares. If they are not converted, they will be redeemed on this date at R17 each. The market interest rate for similar debt but without the option to convert is 15%. The debentures are not held for trading. Required: 3.1 Prepare the journal reflecting the issue of debentures on the 1 January 2017 in Hastings Limited's books