Use the following information for the next three questions Morgan Corporation has common stock outstanding and $16.000.000 . The bonds pay interest on June 30th and December 31st. The bond contract entities the borders to receive 40 shares of $20 par value common stock in exchange for each $1.000 bond they cho to convert their bonds. On June 30, 2018, the holders of only $2.400.000 faceva bond e d the conversion privilege. The market price of the common stock on that date was $35. The unamortized bond discount at the date of conversion for all the bonds in total was 1.000.000 3 pts Question 29 What amount should Morgan credit to the "Common Stock account as a result of this conversion $12.800,000 $48,000 $ 1.920,000 $96,000 3 pts 20 Use the following information for the next three questions Morgan Corporation has common stock outstanding and $16.000.000 . The bonds pay interest on June 30th and December 31st. The bond contract entities the borders to receive 40 shares of $20 par value common stock in exchange for each $1.000 bond they cho to convert their bonds. On June 30, 2018, the holders of only $2.400.000 faceva bond e d the conversion privilege. The market price of the common stock on that date was $35. The unamortized bond discount at the date of conversion for all the bonds in total was 1.000.000 3 pts Question 29 What amount should Morgan credit to the "Common Stock account as a result of this conversion $12.800,000 $48,000 $ 1.920,000 $96,000 3 pts 20