On May 1, 2021, Coronado Industries issued $1460000 of 7% bonds at 103 , which are due on April30,2031. Twenty detachable stock warrants entitling the holder to purchase for $40 one share of Coronado's common stock, $15 par value, were attached to each $1,000 bond. The bonds without the warrants would sell at 96 . On May 1, 2021, the fair value of Coronado's common stock was $35 per share and of the warrants was $2 On May 1,2021, Coronado should record the bonds with a discount of $14600. discount of $58400. premium of $43800. discount of $16352