Have I done BE16-2 correctly?

Petreaklo Corponation has outstunding 2,000 \$4,000 bonds, each convertiole into 50 shanes of \$lo por value cammen Stoak. The bands are converted on Decembet 31,2017, whes the unamortized discont of $30,000 and the moket price of the stack is \$2l pershere. Recoed the conversion using the bek value approach Bonds Payable (2,000$1,000)2,000,000 \begin{tabular}{lr} Disoount & 30,000 \\ C/S(2,00050$10) & 1,300,000 \\ PIE-C/S & 970,000 \end{tabular}