Oriole Corporation sold 160 convertible, 10-year bonds with face value $160,000. The bonds pay interest December 31 each year. Oriole follows ASPE. Each bond pays 3% annual interest and each bond can be converted to ten common shares at the bondholders' request. The sale resulted in conversion rights of $24.710. On January 1, 2021. Oriole offered a cash payment of $5,000 to the bondholders in exchange for converting their bonds into common shares. All of the bondholders agreed to convert their bonds. At the time of the conversion, the market value of the bonds was $142,984 and the carrying value was $139,684 Prepare the journal entry to record the conversion of the bonds into common shares. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit