The below information will be used for the next two questions. A Company issued a convertible bond payable on the interest payment date as follows. Bonds payable $700,000 Coupon rate 5.3% Issue price $725,000 Term 10 years Each $1,000 bond is convertible into 20 shares Number of potential shares if 100% converted 14,000 shares Bond conversion date December 31, 20X3 Bonds converted 30% What is the credit to additional paid in capital at the time of conversion on December 31, 20X3