Question: Please only answer if you know that its 1 0 0 percent correct Nero Solutions Co . issued an $ 9 2 0 , 0

Please only answer if you know that its 100 percent correct
Nero Solutions Co. issued an $920,000,7%, three-year bond for $926,000. The bond pays interest annually, at each year-end. At maturity, the bond can be repaid in cash or converted to 72,000 common shares at the investors option. The market interest rate for bonds of similar term and risk, but that are not convertible, is in the range of 8%.
Required:
1. Calculate the portion of the bond to be recorded as a liability. (Do not round intermediate calculations. Round your final answer to the nearest whole dollar amount.)
2. Provide the entry to record issuance of the bond. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount.)
3. Provide the entries to record interest expense and the annual cash payment each year over the bonds three-year life. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount.)
4. Provide the entry to record the maturity of the bond, assuming that shares were issued. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount.)
5. Provide the entry to record the maturity of the bond, assuming that cash is paid. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount.)
6. Provide the entry to record early repayment of the bond, assuming that it was repaid in cash in an open market transaction after two complete years. Cash of $930,000 was paid, of which $920,800 related to the liability and $9,200 related to the conversion option. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount.)
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