Assume that Smokey Scripts, Inc. has issued 500 of the following convertible debentures: each $1,000 bond is convertible into 10 shares of $1 par common. Assume that the bonds were sold at a discount and that each bond has a current unamortized discount equal to $75. What is the total amount that will be added to additional paid-in capital if these securities are converted? $457,500 $462,500 $5,000 $467,500 None of the answers provided Assume that Smokey Scripts, Inc. has issued 500 of the following convertible debentures: each $1,000 bond is convertible into 10 shares of $1 par common. Assume that the bonds were sold at a discount and that each bond has a current unamortized discount equal to $75. What is the total amount that will be removed from debt as a result of the transaction? $457,500 $462,500 $5,000 $467,500 None of the answers provided Assume that Smokey Scripts, Inc. has issued 500 of the following convertible debentures: each $1,000 bond is convertible into 10 shares of $1 par common. Assume that the bonds were sold at a discount and that each bond has a current unamortized discount equal to $75. What is the total amount that will be added to additional paid-in capital if these securities are converted? $457,500 $462,500 $5,000 $467,500 None of the answers provided Assume that Smokey Scripts, Inc. has issued 500 of the following convertible debentures: each $1,000 bond is convertible into 10 shares of $1 par common. Assume that the bonds were sold at a discount and that each bond has a current unamortized discount equal to $75. What is the total amount that will be removed from debt as a result of the transaction? $457,500 $462,500 $5,000 $467,500 None of the answers provided