On July 1, 2018, an interest payment date, $150,000 of Parks Co. bonds were converted into 3,000 shares of Parks Co. common stock each having a par value of $45 and a market value of $54. There is $3,000 unamortized premium on the bonds. Parks would record

Group of answer choices

a $9,000 increase in paid-in capital in excess of par

no change in paid-in capital in excess of par

a $18,000 increase in paid-in capital in excess of par

a $12,000 increase in paid-in capital in excess of par