Company issued 1,000 bonds each with a par value of $1,000 and each carrying a detachable warrant for the purchase of 4 shares of stock at $40 each. On the day of the bond issue, the bond could have been issued without warrants at par while the warrants could have been sold separately for $60. The amount received for the combined instrument on the date of the issue was $1,025,000. Using the proportional method, record the issue of the two securities.