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On May 1, 2021, Bonita Industries issued $2250000 of 8% bonds at 102, which are due on April 30, 2031. Twenty detachable stock warrants entitling

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On May 1, 2021, Bonita Industries issued $2250000 of 8% bonds at 102, which are due on April 30, 2031. Twenty detachable stock warrants entitling the holder to purchase for $40 one share of Bonita's common stock, $15 par value, were attached to each $1000 bond. The bonds without the warrants would sell at 95. On May 1, 2021, the fair value of Bonita's common stock was $34 per share and of the warrants was $2. On May 1, 2021. Bonita should credit Paid-in Capital from Stock Warrants for O $86000 $180000 O $90000 O $91800

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