On May 1, 2021, Payne Co. issued $1,500,000 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 Payne'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 Payne's common stock was $35 per share and of the warrants was $2. On May 1, 2021, Payne should credit Paid-in Capital from Stock Warrants for $61,800. $57,600. $105,000. $60,000