7. Bramble Corp. issues 3700 shares of its $10 par value common stock having a fair value of $20 per share and 5700 shares of its $10 par value preferred stock having a fair value of $30 per share for a lump sum of $205100. What amount of the proceeds should be allocated to the preferred stock?

a. $159458

b. $61948

c. $143151

d. $199060

18. On December 1, 2021, Bramble Corp. issued 820 of its 7%, $1,000 bonds at 103. Attached to each bond was one detachable stock warrant entitling the holder to purchase 10 shares of Bramble's common stock. On December 1, 2021, the market value of the bonds, without the stock warrants, was 95, and the market value of each stock purchase warrant was $50. The amount of the proceeds from the issuance that should be accounted for as the initial carrying value of the bonds payable would be

a. $802370.

b. $844600.

c. $793924.

d. $820000.

19. On May 1, 2021, Bonita Industries issued $1450000 of 6% bonds at 102, which are due on April 30, 2031. Twenty detachable stock warrants entitling the holder to purchase for $40 one share of Bonitas common stock, $15 par value, were attached to each $1,000 bond. The bonds without the warrants would sell at 96. On May 1, 2021, the fair value of Bonitas common stock was $35 per share and of the warrants was $2. On May 1, 2021, Bonita should credit Paid-in Capital from Stock Warrants for

a. $59160.

b. $102360.

c. $58000.

d. $54960.