On March 1, 2021, E Corp. issued $1,000,000 of 10% nonconvertible bonds at 105, due on February 28, 2031. Each $1,000 bond was issued with 48 detachable stock warrants, each of which entitled the holder to purchase, for $60, one share of Evan's $30 par common stock. On March 1, 2021, the market price of each warrant was $5. By what amount should the bond issue proceeds increase shareholders equity?

Multiple Choice

$0.

$48,000.

$192,000.

$240,000.