On May 1, 2025, Sheridan Co. issued $2300000 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 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 credit Paid-in Capital from Stock Warrants for

a) $95680 b) $184000 c) $88000 d) $92000