Shurwood Ltd. issued 5,000,000 8%, 10-year, non-convertible bonds with detachable warrants for $5,100,000. Shortly after issuance, the warrants trade for $300,000 in total, and the bonds were trading at 99, or $4,950,000, ex-warrants (i.e. without warrants attached). Required 1. Allocate the proceeds to the bonds and warrants using the relative value. Provide the journal entry to record the issue of bonds and warrants. (9 marks) 2. Provide the journal entry to record the first payment of interest on the convertible bond assuming that the bonds pay interest annually. You will need to calculate the effective interest rate for the bond to determine this. (6 marks)