The company has convertible bonds with a face amount of $100 million and a discount on bonds balance of 3 million. The bondholders exercise their right to convert all these bonds for 10 million shares of stock with a par value of $1 and a market value of $50 per share. Record this conversion transaction. Cash [Choose ] Bonds payable [Choose ] > Discount on Bonds Payable [Choose ] Common stock [Choose ]