On $1/1/18,$ ABC Company issued $1,000$ of its $$1,000,6\%$ coupon bonds at face value. Each bond can

be converted into $20$ shares of ABC$$s common stock. The stock price on $1/1/18$ was $$50.$ When the

stock price was $$25$ per share on $1/1/20,$ all of the bonds were converted. Determine the amount that

should be allocated to equity for the convertible debt on $1/1/18$