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On May 1. 2025, Crane Co issued $1530000 of 6% bonds at 102. The bonds are due on April 30, 2031. Twenty detachable stock warrants

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On May 1. 2025, Crane Co issued $1530000 of 6% bonds at 102. The bonds are due on April 30, 2031. Twenty detachable stock warrants entitling the holder to purchase for $40 one share of Crape's common stock, $15 par value, were attached to each $1000 bond. The bonds without the warrants would sell at 96 . On May.1.2025, the fair value of Crane's common stock was $35 per share and of the warrants was $2 On May 1, 2025, Crane should credit Paid-in Capital from Stock Warrants for $91800 358224 $62424 $61200

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