The December 31, 2019, balance sheet of Purple Corp. included the following items: 8% convertible bonds $800,000 Unamortized discount on bonds payable 65,000 Each bond is convertible into 40 shares of $20 par value common stock, and interest is payable on June 30 and December 31 of each year. On January 1, 2020, 15% of the bonds were converted. The market price of the bonds on that date was $1,021 per bond and the market price of the common stock was $35. In applying the book value method, what amount should Purple credit to the account "paid in capital in excess of par" as a result of this conversion? $96,000 $7,560 $14.250 $33.750