The December 31, 2013, balance sheet of West Word Corp. is as follows.

On April 15, 2014, West Word Corp. called all of the bonds as of May 31, 2014 for the principal plus interest through May 31. By May 31, one-half of the bondholders had exercised their conversion to common stock as of the interest payment date. Consequently, on May 31, West Word Corp. paid the interest due to all bondholders, issued shares of common stock for one-half of the bonds, and paid cash to retire the remainder of the bonds. The premium is amortized on a straight-line basis and West Word uses the book value method.

Instructions
Prepare the entry(ies) to record the interest expense, conversion, and call on May 31, 2014. (Round to the nearestdollar.)

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12% callable, convertible bonds payable (semiannual interest dates June 30 and December 31; convertible into 15 shares of $10 par value common stock per $1,000 of bond principal; maturity date June 30, 2027) $2,500,000 Premium on bonds payable 110,050 $2,610,050