Flint Corporation is a rezional compary which is an SEC repistrint. The corporation's securities are thinly traded on NASDAC Flint Corp. has issued 17000 units. Each unit consists of a $850 oar, 12 s subordinated debenture and 17 shares of 59 par comnon stock. The units were sold to outside investors for cash at $2.496 per urit. Prior to this sale, the 2 - week ask price of conmon stock was $68 per share. Twelve percent is a reasonable inarket yield for the debentures, and therefore the par value of the bonds is equal to the fair value: (a) Prepare the journal entry to record Flint's transaction, under the following conditions. (Round answers to O decimal places, ey. \$38,487. Credit dccount tities are outomaticaliy indented when amotint is entered, Do not indent marucill. If no entry is required, select "Wo' Entry" for the occount tites and enter ofor the amounts. (1) Employing the incremental method. (2) Emsaloying the proportional method, assuming the recent peice quote on the common stock reflects fair value