ED: 1. Go mez Company issues 5,000 shares the stock and warrants sells for $105 S10 par common stock at $30 f S25 par preferred stock with detachable warrants. The package ol per. Each warrants cnables the holder to purchase two shares of par Warrae tock wper share. Immediately following the issuance of the preferred stock stock, the ts is $9g at $14 cach and the market value of the preferred stock accounts, respectively would be: a. $$25,000, $458.182, and $66,818 b. $125,000, $333,182, and 566,818 c. $125,000, s330,000 and $70.000 d. $525,000, S0, and $70,000 nts, the son ock3 Imn the warrants is $96 per share. Upon issuance Upon issuance of these shares, the amounts allocated to the n capital on the preferred stock and the paid in capital from stock warrants preferred er ling at $14 On its December 31. 1998 balance sheet, Marst Cop, reported bonds payable of $6.000,000 and an unamortized discount of $320,000. On January 2. 1999, Marst retired $3,000,000 of the outstanding bonds at par plus a call premium of $70,000. What amount should Marst report in its 1999 income statement as loss on extinguishment of debt (ignore taxes)? c. $160,000 d. $230,000 a. $O b. $70,000