On January 1, 2016, the Kind Corporation issued $500,000 of 12% convertible bonds for $540,000. The bonds are due on January 1, 2026, and interest is paid on July 1 and January 1. Each $1,000 bond is convertible into 30 shares of common stock with a par value of $1 per share. Prepare the journal entry to record the issuance of the convertible bonds on January 1, 2016. (See information about Kind in previous problem) On January 2, 2019, when the bonds had an unamortized premium of $28,000 and the market value of the Kind common stock was $40 per share, all of the bonds were converted into common stock. Kind uses the straight-line method to amortize premiums and discounts. . Record the conversion on January 2, 2019 using the book value method. . Record the conversion on January 2, 2019 using the market value method.