On March 1, 2018, Concord Corporation issued $2070000 of 7% nonconvertible bonds at 104, which are due on February 28, 2038. In addition, each $1000 bond was issued with 25 detachable stock warrants, each of which entitled the bondholder to purchase for $50 one share of Concord common stock, par value $25. The bonds without the warrants would normally sell at 95. On March 1, 2018, the fair value of Concord's common stock was $40 per share and the fair value of the warrants was $2.00. What amount should Concord record on March 1, 2018 as paid-in capital from stock warrants?