Concord Corporation issued at a premium of $9300 a $209000 bond issue convertible into 4300 shares of common stock (par value $20). At the time of the conversion, the unamortized premium is $4400, the market value of the bonds is $229000, and the stock is quoted on the market at $60 per share. If the bonds are converted into common, what is the amount of paid-in capital in excess of par to be recorded on the conversion of the bonds?

A $147400

B$132300

C$127400

D$123000