Question 17 2.5 pts On January 1, 2016, Mathers Corporation issued $500,000 of 12% convertible bonds for $460,000. The bonds are due on January 1, 2021, and interest is paid on June 30 and December 31. Each $1,000 bond is convertible into 30 shares of common stock with a par value of $1 per share. On January 1, 2018, when the bonds had a book value of $468,000 and a market value of $40 per share, all of the bonds were converted into common stock. The entry to record the conversion using the book value method would include a: O credit to Additional Paid-in Capital for $453,000. O debit to Cash for $500,000. O debit to Loss on Conversion of $147,000. O debit to Discount on Bonds Payable for $32,000