Jackson Co. has 3000,000 of 8% convertible bonds outstanding. Each 1000 bond is convertible into 30 shares of 30 par value common stock. The bonds pay interest on January 31 and July 31. On July 31 2018. The holders of 1000,000 bonds exercised the conversion privilege. On that date the market price of bonds was 105 and the market price of the common stock was 36. The total unamortized bonds premium at the date of conversion was 210,000. ( Interest and amortization of the premium has already been recorded) prepare the entry Jackson should make to record the conversion.