ANSWER ALL PLEASE 16-17 with solution

problem 7-16 (AICPA Adapted) randing Company had P600,000 convertible 8% bonds payable on June 30. Each P1,000 bond was convertible 10 ordinary shares of P50 par value. were converted into ordinary shares which had a fair value (July 1the interest was paid to bondholders and the bonds The unamortized premium on these bonds was P12,000 at date of conversion. No equity component was recognized when the bonds were originally issued. What is the increase in share premium as a result of the of P75 per share the bond conversion? 312,000 306,000 162,000 d. 300,000 Problem 7-17 (IAA) Young Company issued 5,000 convertible bonds at the beginning of the current year. The bonds had a four-year term bith a stated interest of 6% and were issued at par with a face amount of P1,000 per bond. Interest is payable annually a on December 31. Each bond is convertible into 50 ordinary shares with a par value of P10. The market rate of interest on similar nonconvertible bond is 9%. At the issuance date, the amount of P485,000 was credited to share premium from conversion privilege. The bonds were not converted and instead, the entity paid off the convertible bondholders as maturity. What amount should be recorded as gain or loss on the full payment of the convertible bonds at maturity? a. 500,000 gain b. 485,000 loss c. 485,000 gain d. 0