Sandhill Corporation issued convertible bonds at a premium of $$9900.$ The $$208000$ bond issue was convertible into $4400$ shares of

common stock $($par value $$20).$ Two years later, all of the bonds were converted to shares of stock. At that time, the unamortized

premium was $$4200,$ the market value of the bonds was $$228000,$ and the market value of the stock was $$60$ per share. What amount

of paid$-$in capital in excess of par is recorded on the conversion of the bonds?

$$144200$

$$120000$

$$124200$

$$129900$