Drake, Inc. had outstanding 10%, 51,000,000 face value, convertible bonds maturing on December 31, 2030. Interest is paid on June 30 and December 31. Immediately after an interest payment was made, the premium balance was $30,000. . On that date, bonds with a face amount of $400,000 were converted into 20,000 shares of $20 par common stock. . On the day the bonds were issued, it had been reasonable possible that the bonds would eventually be converted, therefore no gain or loss will be recorded on the conversion. Drake should credit additional paid in capital for: Select one: O a $115.000 Ob. 50 C$12.000 O d. 5105,000