2. Presented below is information related to Drew Corporation: Common Stock, $1 par Paid-in Capital in Excess of Par Common Stock Preferred 9 % Stock, $100 par Paid-in Capital in Excess of Par-Preferred Stock Retained Earnings Treasury Common Stock (at cost) Required: Compute the following amounts a. The total paid-in capital. $2,500,000 300,000 1,300,000 250.000 800,000 50,000 b. The total stockholders' equity. Bob Co. issued $3,000,000 of 12%, 5-year convertible bonds on April 1, 2021 for $3,050,000. The bonds were dated April 1, 2021 with interest payable April 1 and October 1. Bond premium is amortized each interest period on a straight-line basis. October 1, 2022, all of these bonds were converted into 30,000 shares of $10 par common stock. Required: Prepare the entry to record the conversion on October 1, 2022