Toller Company issues $1,000,000 of $1,000 bonds dated January 1, 20x3, due December 31, 20x5, at par. Interest at 6% is payable annually, and each bond is convertible at any time up to maturity into 250 common shares at the investor's option. When the bonds are issued, the prevailing interest rate for similar debt without conversion options is 8%. The amount reported as contributed capital - conversion rights will be: O $51,544 $79,383 $948,456 O $206,170