On May 1, 2025, Sheridan Ca. issued $3900000 of 8% bonds at 103. The bonds are due on April 30, 2031. Twenty detachable stock warrants entitling the holder to purchase for $40 one share of Sheridan's $15 par value common stock were attached to each $1000 bond. The bonds without the warrants would sell at 96 . On May 1, 2025, the fair value of Sheridan's common stock was $35 per share and of the warrants was $2. On May 1,2025, Sheridan will recorda discount of 543680 . dikcount of $39000. premium of $117000. divcount of $156000