Wildhorse Corporation had two issues of securities outstanding: $20 par value common stock and an 7% convertible bond issue in the face amount of $16050000. Interest payment dates of the bond issue are June 30 th and December 31 st. The converslon clause in the bond indenture entitles the bondholders to receive forty shares of common stock in exchange for each $1000 bond, On June 30,2025 , the holders of $2407500 face value bonds exercised the conversion privilege. The market price of the bonds on that date was $1300 per bond and the market price of the common stock was \$34. The total unamortized bond discount at the date of conversion was $910000. In applying the book value method, what amount will Wildhorse credit to Paid-in Capital in Excess of Par as a result of this transaction? $722250 $345000 $1444500 $160500