On January 4, 2020, Newell Water Company issued 10-year convertible bonds at 105. On October 17, 2020, Newell encouraged bondholders to convert their bonds into common stock, with each investor receiving common stock with an aggregate par value equal to the total face amount of the bonds. Newell's common stock was selling at 50% above par value at the time of the conversion. How should the cash proceeds from the issuance of the convertible bonds on January 4, 2020, be reported? the fare amount