On December 31, 2018, the balance sheet of Alpha Corporation reported bonds outstanding with a face value of $12,000,000 and a related unamortized premium of $360,000. Interest is payable semiannually on January 1 and July 1. 1. Prepare an entry in journal form without explanation on January 1, 2018, to record the conversion of bonds with a face value of $4,800,000 into common stock. 2. Each $1,000 bond is convertible into 30 shares of $20 par value common stock