On, 2018-05-01, ABC had outstanding 7%, $5000 face amount, convertible bonds maturing on 2025-05-01. Interest is payable on May and Nov. On 2018-05-01, all these bonds were converted into 61 shares per $1000 face amount of bond. The stock price on 2018-05-01 was $16. On the date of conversion: Unamortized bond discount was $30. The amount of gain/(loss) that should be recognized from the conversion using the book value method is: Answer: