2 US Tme: 11:59 PM/ Remaining: 1904 min Kieso, Intermediate Accounting, 16e INTERMEDIATE ACCOUNTT NEXT Question 1 On May 1, 2018, Crane Company issued $1100000 of 596 bonds at 103, which are due on April 30, 2028. Twenty detachable stock warrants entitling the holder to purchase for $40 one share of Crane's common stock, $15 par value, were attached to each $1,000 bond-The bonds without the warrants would sell at 96. On May 1, 2018, the fair value of Crane's common stock was $35 per share and of the warrants was $2. On May 1, 2018, Crane should record the bonds with a O discount of $44000. D premium of $33000. D discount of $11000. O discount of $ 12320. Click if you would like to Show Work for this question: Qpen Show Work