How to get these numbers ? Deegan. (2016).Financial Accounting. McGraw-Hill Education, Australia

Q3_Convertible bonds (Convertible notes)_Amortised cost_Effective interest methodWoodie Ltd issues $5 million in convertible bonds on 1 July 2019. They are issued at their face valueand pay an interest rate of 4 per cent. The interest is paid at the end of each year. The bonds may beconverted to ordinary shares in Woodie Ltd at any time in the next three years. Organisations similar toWoodie Lid have recently issued similar debt instruments but without the option for conversion toordinary shares. These instruments issued by the other entities offer interest at a rate of 6 per cent. On1 July 2020 all the holders of the convertible notes decide to convert the bonds to shares in Woodie Ltd.Provide the journal entries to:(a) record the issue of the securities on 1 July 2019(b) recognise the interest payment on 30 June 2020, and(c) recognise the conversion of the bonds to ordinary shares on 1 July 2020(d) Prepare extracts to show how the convertible notes and the finance charge shuold be treated byWoodie Ltd in its financial statements for the yeare ended 30 June 2020.Solutions2019-07-01Calculate PV of Liability first (6%, 3 years)V of Principa4,198,000V of Interest per year534,600Total PV of liability$4,732,600Principal$5,000,000Equity component267,4002019-07-01OrCash at bank5,000,000Convertible bonds liability4,732,600Equity component267,400