On July 1, after recording interest and amortization, Katie Co. converted $2 million of its 12% convertible bonds into 100,000 shares of no par common stock. On the conversion date, the carrying amount of the bonds was $2.6 million, the fair value of the bonds was $2.8 million, and Katie's common stock was publicly trading at $30 per share. What amount of common stock should Katie record as a result of the conversion?

Group of answer choices

$2,600,000

$2,800,000

$3,000,000

$1,900,000