On May 1, 2025, Cullumber Ca. issued $2400000 of 8% bonds at 103. The bonds are due on April 30.2031. Twenty detachable stock warrants entitling the holder to purchase for $40 one share of Cullumber's $15 par value common stock were attached to each $1000 bond. The bonds without the warrants would sell at 96 . On May 1, 2025, the fair value of Cullumber's common stock was $35 per share and of the warrants was $2. On May 1, 2025, Cullumber will record a discount of $26880. premium of $72000. discount of $24000. discount of $96000. Ivanhoe Corporation issued $5880000 of 9%, ten-year convertible bonds on July 1.2024 at 96.1 plus accrued interest. The bonds were dated April 1, 2024 with interest payable April 1 and October 1. Bond discount is amortized semiannually on a straight-line basis. On April 1,2025, $1176000 of these bonds were converted into 400 shares of $20 par value common stock. Accrued interest was paid in cash at the time of conversion. If Interest Payable was credited when the bonds were issued, what amount should be debited to Interest Expense on October 1, 2024? $132300 $264600 $126420 $138180