A company issued convertible bonds with a face value of $5,000,000, and received proceeds of $6,500,000. Each $1,000 bond can be converted into 8 common shares, which are currently trading at $6 per share. Market analysts estimate that the market value of the bonds without the conversion option is approximately $6,300,000. What is the amount that was recorded in Contributed Surplus - Conversion Rights, when the bonds were issued, assuming the company follows IFRS? options:

$200,000

$302,400

$312,000

$240,000