On May 1, 2021, Sheffield Corp. issued $1510000 of 6% bonds at 102, which are due on April 30, 2031. Twenty detachable stock warrants entitling the holder to purchase for $40 one share of Sheffields 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 Sheffields common stock was $35 per share and of the warrants was $2. On May 1, 2021, Sheffield should credit Paid-in Capital from Stock Warrants for

$61608.

$60400.

$104808.

$57408.