2.On June 30,1984,the original issue dateT.Taylor purchases $300,000 of20-year,7% convertible bonds of Jones corporation at 104. Jones bonds are convertible to 50 shares of $ 10npar common stock for each $1000 bond. The bond interest is paid semi-annually June 30 and December 31.On March 31,1989,Taylor converts $200,000 of the bonds Both Taylor and Jones Corp.use calendar year as their fiscal year. a.Give entries to record the conversion in the absence of a market value for the stock b.Give the entries to record conversion if the market value of the stock is $25 5