Question 10 of 20 < > View Policies -/4 = Current Attempt in Progress Bramble Corp. had two issues of securities outstanding: common stock and an 7% convertible bond issue in the face amount of $16050000. Interest payment dates of the bond issue are June 30th and December 31st. The conversion clause in the bond indenture entitles the bondholders to receive forty shares of $20 par value common stock in exchange for each $1000 bond. On June 30, 2021, the holders of $2407500 face value bonds exercised the conversion privilege. The market price of the bonds on that date was $1300 per bond and the market price of the common stock was $34. The total unamortized bond discount at the date of conversion was $910000. In applying the book value method, what amount should Bramble credit to the account "paid-in capital in excess of par," as a result of this conversion? O $1444500. O $722250. $345000. $ 160500.