6. Carl's Golf Course Maintenance Inc, had two issues of securities outstanding: common stock and a 6% convertible bond issue in the face amount of $12,000,000. Each $1,000 bond is convertible into forty shares of $20 par value common. On June 30,2022 , the holders of $1,800,000 face value bonds exercised the conversion privilege. The market price of the bonds on that date was $1,100 per bond and the market price of the common stock was $35. The total unamortized bond discount for all $12,000,000 face value of debt at the date of conversion was $750,000. What amount should Morgan credit to the account "APIC. Common Stock" as a result of this conversion? $1.697,500 $247,500 6. Carl's Golf Course Maintenance Inc, had two issues of securities outstanding: common stock and a 6% convertible bond issue in the face amount of $12,000,000. Each $1,000 bond is convertible into forty shares of $20 par value common. On June 30,2022 , the holders of $1,800,000 face value bonds exercised the conversion privilege. The market price of the bonds on that date was $1,100 per bond and the market price of the common stock was $35. The total unamortized bond discount for all $12,000,000 face value of debt at the date of conversion was $750,000. What amount should Morgan credit to the account "APIC. Common Stock" as a result of this conversion? $1.697,500 $247,500