Loma Corp issued $300 000 of 8% non convertible bonds at 104, which are due on Feb 28,2014. in addit

Loma Corp issued $300 000 of 8% non convertible bonds at 104, which are due on Feb 28,2014. in addition, each $1000 bond was issued with 25 detachable stock warrants, each of which entitled the bondholder to purchase one of Loma’s no par value common share for $50. The bonds without warrants would normally sell at 95. The fair value of common shares was $40 per share and the fair value of each warrant was $2. Using IFRS prepare the required journal entry.