The following are unrelated transactions. Present the required entries to record each of the transactions. On March 1, 2020, Wildhorse Corporation issued $250,000 of 7% non-convertible bonds at 103, which are due on February 28, 2040. In addition, each $1,000 bond was issued with 25 detachable stock warrants, each of which entitled the bondholder to purchase one of Wildhorse's no par value common shares for $50. The bonds without the warrants would normally sell at 93. Wildhorse prepares its financial statements in accordance with IFRS. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Swifty Corp. issued $10,000,000 of par value, 8% convertible bonds at 96. If the bonds had not been convertible, the company's investment banker estimates they would have been sold at 91. Swifty Corp. has adopted ASPE, and would like to explore all options available to report the convertible bond. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Account Titles and Explanation Option 1: Residual Method Debit Credit Option 2: Value Equity component at zero Windsor Limited issued $40,000,000 of par value, 6% bonds at 97. One detachable stock purchase warrant was issued with each $100 par value bond. At the time of issuance, the warrants were selling for $5. Windsor Limited has adopted ASPE. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Account Titles and Explanation Option 1: Residual Method Debit Credit Option 2: Value Equity component at zero On July 1, 2020, Tien Limited called its 8% convertible bonds for conversion. The $34,000,000 of par value bonds were converted into 3,400,000 common shares. On July 1, there was $75,000 of unamortized discount applicable to the bonds, and the company paid an additional $85,000 to the bondholders to induce conversion of all the bonds. At the time of conversion, the balance in the account Contributed Surplus-Conversion Rights was $250,000, and the bond's fair value (ignoring the conversion feature) was $33,955,000. The company records conversion using the book value method. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) a) IFRS: Account Titles and Explanation Debit Credit b) ASPE: Account Titles and Explanation Debit Credit On December 1, 2020, Horton Company issued 400 of its $1,000, 9% bonds at 103. Attached to each bond was one detachable stock warrant entitling the holder to purchase 10 of Horton's common shares. On December 1, 2020, the fair value of the bonds, without the stock warrants, was 95. Horton Company prepares its financial statements in accordance with IFRS. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit