26. On January 1, 2018, Bell Co. issued $10 million of 10-year convertible bonds at 105. On January , 2023, the bonds were converted into common stock with a market value of $1 1 million. Upon conversion, Bell would recognize: Market value method Book value method no gain or loss loss no gain or loss no gain or loss loss . b. no gain or loss loss . loss d. A) Option A B) Option B C) Option C D) Option D