On January $1,2024,$ Ozark Minerals issued $$20$ million of $9\%,10-$year convertible bonds at $101.$ The bonds pay interest on June $30$ and December $31.$ Each $$1,000$ bond is convertible into $40$ shares of Ozark's no par common stock. Bonds that are similar in all respects, except that they are nonconvertible, currently are selling at $99.$ Ozark applies International Financial Reporting Standards $($IFRS$).$ Upon issuance, Ozark should credit: