Question 5 Sheridan Company issued at a premium of $9400 a $192000 bond issue convertible into 3400 shares of common stock (par value $20). At the time of the conversion, the unamortized premium is $4000, the market value of the bonds is $212000and the stock is quoted on the market at $60 per share. If the bonds are converted into common, what is the amount of pald-in capital in excess of par to be recorded on the conversion of the bonds? $148000 $124000 $133400 $128000 Click if you would like to Show Work for this question: Open Show Work