Complete the following exercise. Submit journal entries in an Excel file and wri

Complete the following exercise. Submit journal entries in an Excel file and written segments in an MS Word documen.Garner Company began operations on January 1 2010 and uses the average cost method of pricing inventory. Management is contemplating a change in inventory methods for 2013. The following information is available for the years 20102012.On January 1 2012 Garner issued 10-year $200000 face value 6% bonds at par. Each $1000 bond is convertible into 30 shares of Garner common stock. The company has had 10000 common shares outstanding throughout its life. None of the bonds have been exercised as of the end of 2013. (Ignore tax effects.)attachment is containing the spreadsheet you will need for this exercise.