On March 1, 2021,Vaughn Manufacturingissued $2130000of8% nonconvertible bonds at104, which are due on February 28, 2041. In addition, each $1000bond was issued with25detachable stock warrants, each of which entitled the bondholder to purchase for $50one share ofVaughncommon stock, par value $25. The bonds without the warrants would normally sell at95. On March 1, 2021, the fair value ofVaughn's common stock was $40per share and the fair value of the warrants was $2. What amount shouldVaughnrecord on March 1, 2021 as paid-in capital from stock warrants?

$80360

$110760

$91960

$106500