Why couldn't This Be Easy, Inc. has two issues of securities outstanding: common stock and $4,900,000 face value, 5-year, 3%, convertible bonds. The bonds were issued January 1, 2020, for $4.679.926 when the market rate was 4%. Bond interest payment dates are June 30" and December 315. Each bond is convertible into 40 shares of $20 par value common stock. On July 1, 2020, the holders of $1,470,000 face value bonds exercised the conversion privilege. On that date, the bonds were selling at 110 and the market price of the stock was $35. The company uses the effective interest method for the amortization of bond discounts and/or premiums and the book value method to account for the conversion. Required: Determine the amount to be credited to "Paid-in-Capital for Common Stock" on July 1, 2020. If an amortization table is needed (hint-through June 30, 2020 -hint), please prepare that on the back of this paper. Round all work to the nearest dollar