Fogel Co. has $3,000,000 in convertible bonds with a coupon rate of 8%. Each $1,000 bond is convertible into 30 shares of common stock with a par value of $30 per share. On July 31, 2020, the bondholders who owned 32% of the bonds decided to convert them into shares. The unamortized Bond Premium account balance at the time of conversion was $210,000. Assuming that the company uses the book value method to record the conversion into bonds, and that transaction costs were zero, what is the effect on the Statement of Cash Flows on the day of the exchange? Select one: to. There is no effect on the company's cash. b. Net cash from investing activities will increase c. Net cash from operating activities will increase. d. Net cash from financing activities will increase.