Brief Exercise 16-14 Cullumber Capital Ltd. issued 800 convertible $1,000 bonds at 103. After issuance, similar bonds were sold at 97. Assume that Cullumber Capital Ltd. follows IFRS and recorded the issuance of the bonds and conversion rights accordingly. On a date when the bonds had a carrying value of $782,600, Bantry paid $15,400 to the bondholders to induce early conversion. Record the conversion using the book value method