Que 2: Reporter Inc. has $ 3, 000, 000 (par value), 8% convertible bonds outsta ,00 bond is convertible into thirty no par value common shares. The bonds PAy interest on january 30and July 31. On July 31, 2020 , the holders of $ 900, 000 worth of b version privilege . On that date the market price of the bonds was 105 , the mon shares was $ 36 , the carrying value of the common shares was $ 18 a lus Conversion Rights account balance was $ 450,000 . The total unamc ium at the date of conversion was $ 2 10,000 . Using the book value meth ant general entries