On May 1, 2021, Concord Corporation issued $2150000 of 7% bonds at 103, which are due on April 30, 2031. Twenty detachable stock warrants entitling the holder to purchase for $40 one share of Concord's common stock, $15 par value, were attached to each $1000 bond. The bonds without the warrants would sell at 96. On May 1, 2021, the fair value of Concord's common stock was $34 per share and of the warrants was $2.

On May 1, 2021, Concord should credit Paid-in Capital from Stock Warrants for

$88580

$150500

$ 82000

$86000