Windsor Corporation is a regional company which is an SEC registrant. The corporation's securities are thinly traded on NASDAQ. Windsor Corp. has issued 13,000 units. Each unit consists of a $650 par, 12% subordinated debenture and 13 shares of $7 par common stock. The units were sold to outside investors for cash at $1,144 per unit. Prior to this sale, the 2-week ask price of common stock was $52 per share. Twelve percent is a reasonable market 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 Windsor's transaction, under the following conditions. (Round answers to decimal places, e.g. $38,487. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) (1) Employing the incremental method. Employing the proportional method, assuming the recent price quote on the common stock reflects fair value. (2) No. Account Titles and Explanation Debit Credit 1. Cash 14,872,000 Bonds Payable 8,450,000 Common Stock 650,000 Paid-in Capital in Excess of Par - Common Stock 5,772,000 2. Cash 14,872,000 Discount on Bonds Payable 187,778 Bonds Payable 8,450,000 Common Stock 650,000 Paid-in Capital in Excess of Par - Common Stock 5,959,778