On May 1, 2021, Sheridan Company issued $3900000 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 Sheridan's common stock, $15 par value, were attached to each $1000 bond. The bonds without the warrants would sell at 96. On May 1, 2021, the fair value of Sheridan's common stock was $35 per share and of the warrants was $2. On May 1, 2021, Sheridan should record the bonds with a discount of $39000. discount of $156000. O premium of $117000. O discount of $43680