Blossom Co$.$ has $$3860000$ of $7\%$ convertible bonds outstanding. Each $$1000$ bond is convertible into $30$ shares of $$30$ par value

common stock. The bonds pay interest on January $31$ and July $31.$ On July $31,2025,$ the holders of $$1158000$ bonds exercised the

conversion privilege. On that date, the market price of the bonds was $104$ and the market price of the common stock was $$35.$ The

total unamortized bond premium at the date of conversion was $$281000.$ Blossom should record, as a result of this conversion, a