On March 1, 2021, Erie Corp. issued $1,000,000 of 10% nonconvertible bonds at 103, due on February 28, 2031. Each $1,000 bond was issued with 34 detachable stock warrants, each of which entitled the holder to purchase, for $50, one share of Erie's $25 par common stock. On March 1, 2021, the market price of each warrant was $6. By what amount should the bond issue proceeds increase shareholders' equity? Multiple Choice $204,000 $34,000. O 0 $0. $170,000. O