On July $1,2025,$ an interest payment date, $$153000$ of Crane Co$.$ bonds were converted into $3070$ shares of Crane Co$.$ common stock, each having a par value of $$45$ and a market value of $$54.$ There is $$5900$ of unamortized discount on the bonds. If the book value method is used, Crane would record

an $$18680$ increase in paid$-$in capital in excess of par.

a $$8950$ increase in paid$-$in capital in excess of par.

no change in paid$-$in capital in excess of par.

a $$12780$ increase in paid$-$in capital in excess of par.