Welcome to Sonar(ten years later

)
Bounce to track-split stereo might work if there were some isolation between the left and right inputs, but I understand that not to be the case here.
I'm not very optimistic about being able to separate the tracks in the project you have recorded, but we may be able to help moving forward.
Describe, in as much detail as you can, how you connected both mics to the computer.
Tell us about your hardware setup.
Do you have a mixer?
What sound card/interface do you have?
What is your OS(XP,Vista,Win98,etc)?
What kind of mics?
Any and all details you can share will be helpful.