Salacious Corporation decides to retire at 105 the $100,000 bonds it had issued at 104. The related unamortized bond premium amounted to $1447. Record the transaction in the books of Salacious Corporation. 4. Prudent Corporation has a balance of $600,000 in the Bonds Payable account. The related unamortized bond discount balance was $ 20,000. Prudent Corporation, in agreement with the bondholders decide to convert $400,000 worth of bonds into common stock of $3 each. The convertible provision stipulates that 50 shares of common stock will be issued for each bond held. Required: Show necessary journal entries to record the above transaction