On January 1, 2024, when its $30 par value common stock was selling for $80 per share. Skysong Corp. issued $10,600,000 of 8% convertible debentures due in 20 years. The conversion option allowed the holder of each $1.000 bond to convert the bond into five shares of the corporation's common stock. The debentures were issued for $11,448.000. The present value of the bond payments at the time of issuance was $9.010,000, and the corporation believes the difference between the present