Exercise 16-2 Your answer is partially correct. Try again. Ta na isk Inc issued $3.950,000 or 10%, 10-year convertible bonds on June 1 2017, at 99 plus acru d interest. The bonds were dated April 1 2017 with interest p abe Agri 1 and Odoter Bord dscountie amortized semiannually on a straight-line basis. On April 1, 2018, $1,481,250 of these bonds were converted into 25,000 shares of $20 par value common stock. Accrued interest was paid in cash at the time of conversion. (a) Prepare the entry to record the interest expense at October 1, 2017. Assume that accrued interest payable was credited when the bonds were issued. (b) Prepare the entry to record the conversion on April 1, 2018. (Book value method is used.) Assume that the entry to record amortization of the bond discount and interest payment has been made (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 0 for the amounts Round answers to 0 decimal places, e.g. 5,125) No. Account Titles and Explanation Credit e) Interest Expense Interest Payable 13166 (b) Bonds Payable Discount on Bonds Payable Common Stock Paid-in Capital in Excess of Par- Comon Stock Click if you would like to Show Work for this question pen Show Work