Tallent, Inc. has outstanding convertible bonds with $20 million face value, $19.5 million book value, and $21 million market value. All the bonds are converted into 160,000 shares of Tallent's $1.50 par value common stock. The entry to record the conversion will include a credit to Paid-in Capital - Common Stock of $19,740,000 $20,760,000 $19,340,000 $19,760,000 $19,260,000