Marigold Inc. has $$3008000($par value$),6\%$ convertible bonds outstanding. Each $$1000$ bond is convertible into $30$ no par value common shares. The bonds pay interest on January $31$ and July. On July $31,2023,$ the holders of $$902400$ worth of bonds exercised the conversion privilege. On that date the market price of the bonds was $108,$ the market price of the common shares was $$34,$ the carrying value of the common shares was $$17,$ and the Contributed Surplus $-$Conversion Rights account balance was $$451200.$ The total unamortized bond premium at the date of conversion was $$205600.$ Using the book value method, Marigold should record, as a result of this conversion, $1)$ no gain or loss. $2)$ a loss of $$8500.3)$ a gain of $$17000.4)$ other comprehensive income of $$8500.$