Carla Vista Co. has $4070000 of 8% 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 $1221000 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 $37. The total unamortized bond premium at the date of conversion was $284000. Carla Vista should record, as a result of this conversion, a loss of $12210 credit of $90880 to Premium on Bonds Payable. credit of $181300.00 to Paid-in Capital in Excess of Par. credit of $207300 t 0 P aid-in Capital in Excess of Par