On June 30, 2024, Biair Industries had outstanding $86 millicn of 6% convertible bonds that mature on June 30,2025 interest is payabie each year on June 30 and December 31. The bonds are convertible into 7 milion shares of $10 por common stock. On June 30, 2024, the unamortized balance in the discount on bonds payable account was $4 million. On Jurie 30, 2024, haif the bonds were converted when Blair's common stock had a maket price of $41 per share. When recording the conversion, Biaic should credt paid-in capital-excess of par: Mutiple Choice sit milion. 56 mikion 550 malion. 54 mainan