Both parts A and B please.

Question 3 (18 Points) On January 1, 2014, Eleven Corp. issues 3,000 bonds with warrants attached that give the holder the option to buy a share of common stock (par value $1) at sometime in the future for $10. Each individual bond has a face amount of $1,000 and comes with 15 detachable warrants. The bonds (with the attached warrants) were issued at 103. . Just after issuance, the bonds alone (i.e., without the warrants) were trading at 97 on the secondary market. At the same time, the warrants were trading separately on the secondary market for $8 and the stock price was $22 per share. . On June 30, 2018, the market price of the stock is $40 per share and the unamortized discount was $45,000. Because the holders of the warrant can make a profit they exercise all of the warrants. a) Prepare the journal entry to record the issuance of the bonds with detachable warrants. (12 points) b) On June 30, 2018, the stockhoiders equity balance is 1,500,000 (credit) What is the balance after balance)? (6 points) the warrants are cxercised on June 30 (indicate if it is a debit or credit Question 3 (18 Points) On January 1, 2014, Eleven Corp. issues 3,000 bonds with warrants attached that give the holder the option to buy a share of common stock (par value $1) at sometime in the future for $10. Each individual bond has a face amount of $1,000 and comes with 15 detachable warrants. The bonds (with the attached warrants) were issued at 103. . Just after issuance, the bonds alone (i.e., without the warrants) were trading at 97 on the secondary market. At the same time, the warrants were trading separately on the secondary market for $8 and the stock price was $22 per share. . On June 30, 2018, the market price of the stock is $40 per share and the unamortized discount was $45,000. Because the holders of the warrant can make a profit they exercise all of the warrants. a) Prepare the journal entry to record the issuance of the bonds with detachable warrants. (12 points) b) On June 30, 2018, the stockhoiders equity balance is 1,500,000 (credit) What is the balance after balance)? (6 points) the warrants are cxercised on June 30 (indicate if it is a debit or credit