1.Litke Corporation issued at a premium of $10,000 a $200,000 bond issue convertible into 4,000 shares of common stock (par value $20). On October 1, 2020 all of the bonds were converted to shares of common stock.At the time of the conversion, $4,000 of the premium has been amortized, the market value of the bonds is $220,000, and the stock is quoted on the market at $60 per share. Prepare the journal entry to record the conversion.(1 point)