On May 1, 2021, Sheridan Company issued $1440000 of 8% bonds at 103, which are due on April 30, 2031. Twenty detachable stock warrants entitling the holder to purchase for $40 one share of Sheridans 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 Sheridans common stock was $35 per share and of the warrants was $2. On May 1, 2021, Sheridan should credit Paid-in Capital from Stock Warrants for

$102528.

$55128.

$57600.

$59328.