17. Thark Corporation previously issued 100 $ 1,000 bonds that will convert into 6,000 shares of $ 7 par common stock. The current book value of the bonds is listed at 93.5. The common stock is currently selling for $ 10 per share. Thark uses the market value method to account for the conversion. As a result of the conversion, Thark will record a A. gain of $ 33,500 B. gain of $ 6,500 C. gain of $ 18,000 D. loss of $ 33,500