On May 1, 2021, Sheffield Corp. issued $1640000 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 Sheffield'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 Sheffield's common stock was $35 per share and of the warrants was $2. On May 1, 2021, Sheffield should record the bonds with a O discount of $16400. discount of $18368. discount of $65600. premium of $49200