During 2023, Cheyenne Corp. issued 425,$1000 bonds at 103. One detachable warrant, entitling the holder to purchase 15 of Cheyenne's common shares, was attached to each bond. At the date of issuance, the market value of the bonds, without the warrants, was 96 . The market value of each warrant was $40. Using the relative fair value method, what amount should Cheyenne credit to Bonds Payable from the proceeds? $425000$408000$420240$437750