Centry Corp. previously issued 100 $1,000 bonds that will convert into 6,000 shares of $7 par common stock. Current book value of the bonds is listed at 93.5. The common stock is currently selling for $10 per share. Centry Corp. will use the market value method to account for the conversion. As a result of the conversion, Centry will record a : A. gain of $18,000 B. gain of $6,500 C. loss of $33,500 D. gain of $33,500