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The December 31, 2017, balance sheet of Marin Corp. is as follows.

11% callable, convertible bonds payable (semiannual interest

dates April 30 and October 31; convertible into6shares of $25

par value common stock per $1,000 of bond principal; maturity date April 30, 2023)$425,000

Discount on bonds payable7,616

$417,384

On March 5, 2018, Marin Corp. called all of the bonds as of April 30 for the principal plus interest through April 30. By April 30, all bondholders had exercised their conversion to common stock as of the interest payment date. Consequently, on April 30, Marin Corp. paid the semiannual interest and issued shares of common stock for the bonds. The discount is amortized on a straight-line basis. Marin uses the book value method.

Prepare the entries to record the interest expense and conversion on April 30, 2018. Reversing entries were made on January 1, 2018.(Credit account titles are automatically indented when amount is e