This is Canadian Accounting

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This is the Question:

Below is to be answered:

1. There is a journal with 5 space option only

2.

Nova Gold Miners (NGM) is a gold mining company. NGM currently has two mines operating in Northwestern Ontario and many exploration claims throughout Ontario and Quebec. The company is publicly listed on the Toronto Venture Exchange. NGM is hoping to attract new capital in the coming months and would like to show strong financial performance for its most recent fiscal year end (December 31, 2023). Analysts are focusing on the current year's earnings per share in assessing future growth prospects. The company's shares are currently trading at $28 per share. You work in NGM's accounting department and have been assigned to help the CFO prepare preliminary estimates of EPS. You are given the following summarized financial information. The company's summarized statement of financial position for non-current liabilities and shareholders' equity follows: The compary has the following summarized statement of operations: The company has the following summarized statement of changes in equity: Notes: 1. Convertible preferred shares were issued on January 1. 2. Additional common shares were issued on September 1. 3. Common shares were reacquired on April 1. 4. Dividends were pald to cumulative preferred shareholders. 5. Average price of the common shares was $28 per share. Management is contemplating retiring the convertible bond for $119,140, which represents the current fair value of the bond (\$112,850 for the fair value of the bond and $6,290 for the fair value of the conversion feature). 1. Prepare the journal entry to retire the bond. (Assume the retirement is at the year end.) (Credit occount titles are automatically indented when the amount is entered, Do not indent manually. List all debit entries before credit entries) 2. Assess the impact of management retiring the bond at December 31 on the Future EPS calculations by completing the following table