Messi Inc. has 700, $1,000, 8% convertible bonds outstanding. Each bond can be converted into 15 shares of $3 par value common stock, at any time before the maturity date on January 12, 2028. On May 1, 2022, when the stock is trading at $98 per share, and the bonds have an unamortized discount of $19,000, all of Messi's bondholders convert their bonds. Record the bond conversion.