A mining company declared a liquidating dividend. The journal entry to record the declaration must include a debit to Accumulated Depletion. A paid-in capital account. Retained Earnings. Accumulated Depreciation. Vaughn Manufacturing issued $6420000 of 9%, ten-year convertible bonds on July 1, 2020 at 96.1 plus accrued interest. The bonds were dated April 1, 2020 with interest payable April 1 and October 1. Bond discount is amortized semiannually on a straight-line basis. On April 1, 2021, $1240000 of these bonds were converted into 500 shares of $20 par value common stock. Accrued interest was paid in cash at the time of conversion. What should be the amount of the unamortized bond discount on April 1, 2021 relating to the bonds converted? $48360. $45960. $24180. $44640