Please solve in IFRS format! And please show the work! I would like to know how to solve them.

Beaumont Corp. issues a 10-year semiannual convertible 4.3% bond with a face value of 1,238,000. The bond was issued at 96.5. Comparable bonds without a conversion feature would have required a return of 5.6%. Show all your work.

1. What was the market rate interest of the bonds (when they were sold)?

N = I/Y = PV = PMT = FV =

Annual Interest rate:

2. Determine how much of the proceeds would be allocated to debt and how much to equity?

N = I/Y = PV = PMT = FV =

Debt % =

Equity % =

3. Give the entry to record the issuance of the bond.
4. Give the journal entry for the first and second interest payments. Use the following chart to get the answer

5. Interest periods	(A) Interest payable	(B) Interest expense	(C) Amortization	(D) Unamortized	(E) Bond carrying amount
   Issue
   1
   2

6. Entry for the first interest payment

   Entry for the second interest payment