Oriole Co. has $3920000 of 9% convertible bonds outstanding. Each $1000 bond is convertible into 30 shares of $30 par value common stock. The bonds pay interest on January 31 and July 31 . On July 31,2025 , the hoiders of $1176000 bonds exercised the conversion privilege. On that date, the market price of the bonds was 105 and the market price of the common stock was $35. The total unamortized bond premium at the date of conversion was $283000. Oriole should record, as a result of this conversion, a credit of $202500 to Paid-in Capital in Excess of Par. credit of $90560 to Premium on Bonds Payable. credit of $176600.00 to Paid-in Capital in Excess of Par. loss of $11760