Current Attempt in Progress Sandhill Limited had $2.7 million of bonds payable outstanding and the unamortized premium for these bonds amounted to $44.300. Each $1,000 bond was convertible into 20 preferred shares. All bonds were then converted into preferred shares. The Contributed Surplus-Conversion Rights account had a balance of $21.900. Assume that the company follows IFRS. Assume that Sandhill Ltd. offers $9,000 to induce early conversion. What journal entry would be made? (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Bonds Payable Loss on Redemption of Bonds Contributed Surplus-Conversion Rights Retained Earnings Cash Debit Credit