Terry Corporation issued at a premium of $10,000 a $200,000 bond issue convertible into 4,000 shares of common stock (par value $20). At the time of the conversion, the unamortized premium is $4,800, the market value of the bonds is $220,000. If the bonds are converted into common, what is the amount of paid-in capital in excess of par to be recorded on the conversion of the bonds?

	A.	$124,000
	B.	$130,000
	C.	$144,000
	D.	$124,800