Yоur Cо. hаs $2,000,000 оf 8% convertible bonds outstаnding. Eаch $1,000 bond is convertible into 30 shares of $30 par value common stock. On December 31, 2021, the holders of $500,000 bonds exercised the conversion privilege. On that date the market price of the bonds was 105 and the market price of the common stock was $36. The total unamortized bond premium at the date of conversion was $112,500. The journal entry to record the conversion includes a