Use the following information to answer the TWO questions stated below.

On March $1,2023,$ Golf Land, Inc., $[$GLI$],$ a publicly listed company and a favourite of the PREZ, issued $$300,000$ of $8\%$ non$-$convertible bonds at $107,$ which are due on February $28,2043.$ In addition, each $$1,000$ bond was issued with $25$ detachable stock warrants, and $2$ warrants entitled the bondholder to purchase one of GLI's no par value common shares for $$50.$ The bonds without the warrants would normally sell at $93.$ On March $1,2023,$ the fair value of GLI's common shares was $$40$ per share and the fair value of each warrant was $$2.$

$22]$ On January $2,2024,40\%$ of the warrants were exercised when the GLI stock price was $$64.$ The journal entry that GLI would prepare on that date would be:

a$.$ Dr$.$ Cash $$150,000$; dr$.$ Contributed surplus$-$warrants $$16,800$; cr$.$ common shares $$166,800$

b$.$ Dr$.$ Cash $$75,000$; dr$.$ Contributed surplus$-$warrants $$42,000$; cr$.$ common shares $$117,000$

c$.$ Dr$.$ Cash $$75,000$; dr$.$ Contributed surplus$-$warrants $$16,800$; cr$.$ common shares $$91,800$

d$.$ r$.$ Cash $$150,000$; dr$.$ Contributed surplus$-$warrants $$42,000$; cr$.$ common shares $$192,000$

e$.$ Dr$.$ Cash $$75,000$; dr$.$ Contributed surplus$-$warrants $$21,000$; cr$.$ common shares $$96,000$