On April 7, 2020, Sugo Corp. sold a $1,000,000 (par value), 20 year, 8% bond issue for $1,060,000. Each $1,000 bond has two detachable warrants. Each warrant permits the purchase one of Sugo's no par value common shares for $30. At the time of the sale, Sugo's securities had the following market values:

Each $1,000 bond without warrants	$1,006
Warrants	$21
Common shares	$27

Assuming that Sugo adheres to IFRS, what entry should the corporation make to record the sale of the bonds?

a)	DR Cash	$1,060,000
	CR Bonds Payable		1,000,000
	CR Contributed Surplus - Stock Warrants		60,000
b)	DR Cash	$1,060,000
	CR Bonds Payable		1,018,000
	CR Contributed Surplus - Stock Warrants		42,000
c)	DR Cash	$1,060,000
	CR Bonds Payable		1,060,000
d)	DR Cash	$1,060,000
	CR Bonds Payable		1,006,000
	CR Contributed Surplus - Stock Warrants		54,000