On May 1, 2021, Concord Corporation issued $3800000 of 6% bonds at 103, which are due on April 30, 2031. Twenty detachable stock warrants entitling the holder to purchase for $40 one share of Concords 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 Concords common stock was $35 per share and of the warrants was $2. On May 1, 2021, Concord should record the bonds with a

discount of $152000.

premium of $114000.

discount of $42560.

discount of $38000.