Question 16 (2 points) On January 1, 2022, Misty Mountain Minerals (MMM) issued $10 million of 9%, 10- year convertible bonds at 101. The bonds pay interest on June 30 and December 31. Each $1.000 bond is convertible into 40 shares of MMM's no par common stock. Bonds that are similar in all respects, except Ihat they are nonconvertible, currently are selling at 99. Upon issuance, MMM should debit Discount-bonds payable for $100,000 credit Premium-bonds payable for $100,000 credit equity for $100,000 credit Bonds Payable for $10,100,000