29) On November 1, 2020, BCareful issued a 3-year, 7% P1,000,000 convertible bond at 105. The bonds were selling at P923,865, without the conversion feature, that yields a 10% interest. Transaction costs incurred in relation to the bond issuance amounted to P90,694, immediately after the BIC the bond yield was 14%. The interest on the bonds were payable semi-annually every April 30 and October 31. Each P500 peso bond is convertible into 3 ordinary shares. On October 31, 2022, there were bondholders who exercised their option, the bonds were converted into 3,000 ordinary shares. The ordinary shares have a par value of P50 and a market value of P70 at conversion date. How much is the credit to share premium during conversion date? 30) How much is the amortization for 2022? 30.) On November 16, 2020, Bilbond issued its 10-year, 7% P1,000,000 convertible bonds at 122. The bonds would have sold for P1,154,435 without the conversion feature. The effective interest rate of similar bonds without the conversion feature is 5%. What is the increase in equity on the date of issuance?