On June $30,2024,$ Blair Industries had outstanding $$94$ million of $7\%$ convertible bonds that mature on June $30,2025.$ Interest is payable each year on June $30$ and December $31.$ The bonds are convertible into $8$ million shares of $$10$ par common stock. On June $30,2024,$ the unamortized balance in the discount on bonds payable account was $$4$ million. On June $30,2024,$ half the bonds were converted when Blair's common stock had a market price of $$38$ per share. When recording the conversion, Blair should credit paid$-$in capital$$excess of par:

Multiple Choice

$$7$ million.

$$9$ million.

$$5$ million.

$$3$ million.