O July 1, 2017, Madrid plastics issued bonds that included 20 stock warrants for each bond. The warrants were approximately valued at $4 each at the time the bonds were issued. Each warrant allows the warrant holder to purchase a share of $5 common stock for $33 per share. A holder of 500 warrants decided to exercise all warrants and purchased 500 shares of stock when the market price of the shares was $42. What is the proper journal entry for Madrid to record this transaction?