(15 points) on May 1, 2021, Logan Co. issued $300.000 of 7% bonds at 102, which are due on April 30, 2031, Twenty detachable stock warrants-each of which entitle the holder to purchase one Thare or Logan's common stock ($15 par value) for $43-were attached to each $1,000 bond. he bonds without the warrants would sell at 99. On May 1, 2021, the fair value of Logan's common stock was $35 per share and the fair value of the warrants was $2 per warrant. Use the appropriate method to allocate the proceeds from the bond issuance, and prepare the journal entry to record the issuance.