A company issued 100,000 preferred shares and received proceeds of $6,540,000. These shares have a par value of $60 per share and pay cumulative dividends of 8%. Buyers of the preferred shares also received a detachable warrant with each share purchased. Each warrant gives the holder the right to buy one common share at $30 per share within 10 years. The underwriter estimated that the market value of the preferred shares alone, excluding the conversion rights, is approximately $62 per share. Shortly after the issuance of the preferred shares, the detachable warrants traded at $2 each.

Required:
Record the journal entry for the issuance of these shares and warrants.