6. Jake issued $8,000,000 of 5%, 2-year convertible bonds on 01-01-14 when the market rate for similar bonds was 5%. The bonds were dated 01-01-14 with interest payable January 01 and July 01. Jake incurred and paid $70,000 of bond issuance costs. On 07-01-15 after making its interest payments, all of the bonds were converted into 50,000 shares of Jake's SI par value common stock. Jake only prepares AJEs every December 31. By what amount will the entry to record the 07-01-14 conversion increase Jake's additional paid-in-capital