Question $13$ of $40$

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On March $1,2025,$ Crane Corporation issued $$2140000$ of $7\%$ nonconvertible bonds at $105.$ The bonds are due on February $28,2041.$ In addition, each $$1000$ bond was issued with $25$ detachable stock warrants, each of which entitled the bondholder to purchase one share of Crane's $$25$ par value common stock for $$50.$ The bonds without the warrants would sell at $95.$ On March $1,2025,$ the fair value of Crane's common stock was $$40$ per share and the fair value of the warrants was $$2$ per stock warrant. What amount should Crane record on March $1,2025$ as paid$-$in capital from stock warrants?

$$112350$

$$80450$

$$107000$

$$94450$

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