On May 1, 2025, Sunland Co. issued $1590000 of 8% 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 Sunland'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 Sunland's common stock was $35 per share and of the warrants was $2. On May 1, 2025, Sunland should credit Paid-in Capital from Stock Warrants for $60672.$63600$64872.$95400