Santa's Workahop inc is a publicly-traded company based ia Caigary, reporting in accordance with if as. They issued convertible bonds for the firat Lime on danuary 1,2021 The 51,000,000 of shyear, 100 , ipayable annually on December 31, starting Decomber 31, 2021), convertible bonels were issued at 107. The bonds would have been issued at 97. Without a cimersion featurth, and yielded a higher rate of return. The bonds are convertible at the ievenstor's option. The company's booklieper recorded the bonds at 107 and, based on the 51,970,000 bond carrying value, recorded intereit expense uting the effective interett method for. 2021. He prepared the following amortiation table, believing that the vield was 7 : rou were rared as an accountant to replace the bockhoreper in November 2022, it is now December 31, 2022 and you are itarting to prepare for year end, You have jint completed your intermediate Financial Acceunting course and are fully up-to-date an accountifg for bonds, in reviewing the former boolkeeper's work, you discoser that the bond was not recorded correctly AEQuigeD: A. Determioe the amourt that should have been reported in the Shareholder' Cquity section of the fialance 5heet at lanuary 1, 2021 for the conversion right, considering that the company must comply with If BS. Prepare the journal entry that shoudd have been recorded on January 1, 2021. (3 marks) 8. Coes ASPE offer any alternatives that are not avoilable under If AS? Your answer should be a brief paragraph of 3.5 sentences or bullet points. (3 marki) C. Calculate the effective interent rate for yeld rate) for the bonds. Mound to five dedimal places and show your supporting calculations. (5 marks) 0. Frepare a bond amortiration schedule from lanuary 1,2023, to December 31, 2026, using the effective interest method and the corrected value for the bonds. Round your calculations to the nearest dollar. What are the total amounts of interest payments and interest expense recegrited throughout the bond tem? F. Preparn the joumal entry at December 31,2022 to record the interest poyment on the bond1. (3 marks) 97 without a conversion feature, and yelded a hicher rate of return. The bonds are convertible at the investor's option. The compamys bookkeper reconded the bonds at 101 and, besed on the $1.070,000 bond carrying value, recorded interest expense inire the aifective linterest method for 2021. He prepared the followine amortization table, belleving that the vield was 7N : You were hired as an accountars to feplace the bookiheper in November 2022. It as now December 31, 2022 and you are startign to presare for vesr-ent Yos have juat completed your intermediate finwncial Accountirg course and are fully sp-to-date on accountind tor bonds. th rediewine the former bockeeper's woik, you dicerer that the bond was not recorded correctly. A. Determine the amount that should haw been reported in the Shareholders' Kquify section of the falance Mheat at lanuary 1 , 2021 for the converson riapt, considering that the compary must camply with if lis. Prepare the journal entry that should have been recorded on laniary 1, 202?1. (1 marks) B. Doss ASFr offer any alternatives that are not available under is AS? Your anwwer should be a brief pagraph of 3.5 sentences or twilet paints. (3 marky) D. Prepare a bond amcrtization schedule from lanuary 1, 2021, to December 31, 2024, uning the affective interest method and the corrected velue for the bondi Rena yaur Calculations to the nearest dollar. What are the total amounts of interest parnents and interest eapense fecogriered throughout the bond term fo marka) Santa's Workahop inc is a publicly-traded company based ia Caigary, reporting in accordance with if as. They issued convertible bonds for the firat Lime on danuary 1,2021 The 51,000,000 of shyear, 100 , ipayable annually on December 31, starting Decomber 31, 2021), convertible bonels were issued at 107. The bonds would have been issued at 97. Without a cimersion featurth, and yielded a higher rate of return. The bonds are convertible at the ievenstor's option. The company's booklieper recorded the bonds at 107 and, based on the 51,970,000 bond carrying value, recorded intereit expense uting the effective interett method for. 2021. He prepared the following amortiation table, believing that the vield was 7 : rou were rared as an accountant to replace the bockhoreper in November 2022, it is now December 31, 2022 and you are itarting to prepare for year end, You have jint completed your intermediate Financial Acceunting course and are fully up-to-date an accountifg for bonds, in reviewing the former boolkeeper's work, you discoser that the bond was not recorded correctly AEQuigeD: A. Determioe the amourt that should have been reported in the Shareholder' Cquity section of the fialance 5heet at lanuary 1, 2021 for the conversion right, considering that the company must comply with If BS. Prepare the journal entry that shoudd have been recorded on January 1, 2021. (3 marks) 8. Coes ASPE offer any alternatives that are not avoilable under If AS? Your answer should be a brief paragraph of 3.5 sentences or bullet points. (3 marki) C. Calculate the effective interent rate for yeld rate) for the bonds. Mound to five dedimal places and show your supporting calculations. (5 marks) 0. Frepare a bond amortiration schedule from lanuary 1,2023, to December 31, 2026, using the effective interest method and the corrected value for the bonds. Round your calculations to the nearest dollar. What are the total amounts of interest payments and interest expense recegrited throughout the bond tem? F. Preparn the joumal entry at December 31,2022 to record the interest poyment on the bond1. (3 marks) 97 without a conversion feature, and yelded a hicher rate of return. The bonds are convertible at the investor's option. The compamys bookkeper reconded the bonds at 101 and, besed on the $1.070,000 bond carrying value, recorded interest expense inire the aifective linterest method for 2021. He prepared the followine amortization table, belleving that the vield was 7N : You were hired as an accountars to feplace the bookiheper in November 2022. It as now December 31, 2022 and you are startign to presare for vesr-ent Yos have juat completed your intermediate finwncial Accountirg course and are fully sp-to-date on accountind tor bonds. th rediewine the former bockeeper's woik, you dicerer that the bond was not recorded correctly. A. Determine the amount that should haw been reported in the Shareholders' Kquify section of the falance Mheat at lanuary 1 , 2021 for the converson riapt, considering that the compary must camply with if lis. Prepare the journal entry that should have been recorded on laniary 1, 202?1. (1 marks) B. Doss ASFr offer any alternatives that are not available under is AS? Your anwwer should be a brief pagraph of 3.5 sentences or twilet paints. (3 marky) D. Prepare a bond amcrtization schedule from lanuary 1, 2021, to December 31, 2024, uning the affective interest method and the corrected velue for the bondi Rena yaur Calculations to the nearest dollar. What are the total amounts of interest parnents and interest eapense fecogriered throughout the bond term fo marka)