Jake issued $5,000,000 of 6%, 5-year convertible bonds on 01-01-14 when the market rate for similar bonds was 5.5%. The bonds were dated 01-01-14 with interest payable January 01 and July 01. Jake incurred and paid $45,000 of bond issuance costs. On 10-01-16, all of the bonds were converted into 100,000 shares of Jakes $0.10 par value common stock. Upon the conversion, Jake made any necessary interest payments. Jake only prepares AJEs every December 31. By what amount will the entry to record the 10-01-16 conversion increase Jakes additional paid-in-capital?