On July $1,2025,$ an interest payment date, $\backslash (\backslash$$ $149000\backslash )$ of Crane Co$.$ bonds were converted into $2970$ shares of Crane Co$.$ common stock, each having a par value of $\backslash (\backslash$$ $45\backslash )$ and a market value of $\backslash (\backslash$$ $56\backslash ).$ There is $\backslash (\backslash$$ $6900\backslash )$ of unamortized discount on the bonds. If the book value method is used, Crane would record

a $\backslash (\backslash$$ $8450\backslash )$ increase in paid$-$in capital in excess of par.

an $\backslash (\backslash$$ $24220\backslash )$ increase in paid$-$in capital in excess of par.

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

a $\backslash$$$17320$ increase in paid$-$in capital in excess of par.