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On May 1, 2021, Vaughn Manufacturing issued $1490000 of 8% bonds at 104, which are due on April 30, 2031. Twenty detachable stock warrants entitling

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On May 1, 2021, Vaughn Manufacturing issued $1490000 of 8% bonds at 104, which are due on April 30, 2031. Twenty detachable stock warrants entitling the holder to purchase for $40 one share of Vaughn's common stock, $15 par value, were attached to each $1.000 bond. The bonds without the warrants would sell at 95. On May 1, 2021, the fair value of Vaughn's common stock was $35 per share and of the warrants was $2. On May 1, 2021. Vaughn should credit Paid in Capital from Stock Warrants for O $58410. O $105810. $59600 O $62610

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