On June 1, 2021, Cowboy Company issued $6 million of 8% bonds at 102, due on May 31, 2026. Each $1,000 bond was issued with 25 detachable stock warrants, each of which entitled the holder to purchase, for $58, one share of Cowboy's no par common stock. On the date of issuance, the market price of each warrant was $8.

In October 2024, 26% of the stock warrants were exercised when the common stock had a market price of $77 per share.

For what amount would Cowboy Company credit Common Stock when the warrants are exercised?

Enter in dollars (e.g. enter $10 million as 10,000,000).