Parks Co. bonds were converted into common stock. Each $1,000 bond was converted into 3 shares of Parks Co. common stock, each having a par value of $45 and a market value of $54. There is $6,000 unamortized discount on the bonds at the date of conversion, and the market price of the bonds was 98. Using the book value method, Parks would record the following change in paid-in capital in excess or par: no change in paid-in capital in excess of par. b. a $100,000 increase in paid-in capital in excess of par. an $188,000 increase in paid-in capital in excess of par. d. a $123,750 increase in paid-in capital in excess of par. The correct answer is a $ increase in paid-in-capital in excess of par. a. C. e. In 2020, Eklund, Inc., issued for $103 per share, 90,000 shares of $100 par value convertible preferred stock. One share of preferred stock can be converted into three shares of Eklund's $25 par value common stock at the option of the preferred stockholder. In August 2021, all of the preferred stock was converted into common stock. The market value of the common stock at the date of the conversion was $30 per share. What total amount should be credited to additional paid-in capital in excess of par value) from common stock as a result of the conversion of the preferred stock into common stock, using the book value method? $1,530,000. b. $1,170,000. $2,250,000. d. $2,520,000. None of the above answers is correct. The correct answer is $ a. c. e. 5. On March 1, 2021, Ruiz Corporation issued $2,000,000 of 8% nonconvertible bonds at 104, which are due on February 28, 2041. In addition, each $1,000 bond was issued with 25 detachable stock warrants, each of which entitled the bondholder to purchase for $50 one share of Ruiz common stock, par value $25. The bonds without the warrants would normally sell at 95. On March 1, 2021, the fair value of Ruiz's common stock was $40 per share and the fair value of the warrants was $2.00. What amount should Ruiz record on March 1, 2021 as paid-in capital from stock warrants