On March 1, 2018, E Corp. issued $1,100,000 of 10% nonconvertible bonds at 107, due on February 28, 2028. Each $1,000 bond was issued with 35 detachable stock warrants, each of which entitled the holder to purchase, for $70, one share of Evan's $30 par common stock. On March 1, 2018, the market price of each warrant was $7. By what amount should the bond issue proceeds increase shareholders' equity? Multiple Choice $277,500 $77000. $0. $269,500