On May 1, 2012 Payne Co. issued 500,000 of 7% bonds at 103, which are due April 30, 2022. Twenty detachable stock warrants entitling the holder to purchase for $40 one share of Payne's common stock, $15 par value, were attached to each 1,000 dollar bond. The bonds without the warrants would sell at $96. On May 1, 2012, the fair value of Payne's common stock was $35 per share and of the warrants was $2. On May 1, 2012, Payne should credit Paid-in-Capital from stock warrants for a. 19,200 b. 20,000 c. 20,600 d. 35,000