Please provide solution on how to calculate bond payable for convertible bond as well as additional paid in capital. Also the journal entries! Thank you

Chapter 11 Homework i Saved 2 Izmir A.S. issued convertible bonds at their face value of 120,000 lira on December 31, 2017. The bonds have a 12-year life with interest of 9 percent payable annually. At the date of issue, the prevailing interest rate for similar debt without a conversion option was 11 percent. 10 points Assume that a foreign company using IFRS is owned by a company using U.S. GAAP. Thus, IFRS balances must be converted to U.S. GAAP to prepare consolidated financial statements. Ignore income taxes. Required: eBook a. Prepare journal entries for this compound financial instrument for the year ending December 31, 2017, under (1) IFRS and (2) U.S. GAAP. b. Prepare the entry(ies) that the U.S. parent would make on the December 31, 2017, conversion worksheet to convert IFRS balances to Print U.S. GAAP. References Complete this question by entering your answers in the tabs below. Required A Required B Prepare journal entries for this compound financial instrument for the year ending December 31, 2017, under (1) IFRS and (2) U.S. GAAP. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round PV factor. Round the final answers to nearest whole dollar.) View transaction list View journal entry worksheet No Date General Journal Debit Credit 12/31/2017 Cash 120,000 Bonds payable Additional paid-in capital - Convertible bonds 12/31/2017 Cash 120,000 Bonds payable 120,000 Required A Required B > Type here to search O m O X MacBook Pro