Question $15$ of $40$

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On May $1,2025,$ Cullumber Co$.$ issued $$1650000$ of $6\%$ bonds at $103.$ The bonds are due on April $30,2031.$ Twenty detachable stock warrants entitling the holder to purchase for $$40$ one share of Cullumber's common stock, $$15$ par value, were attached to each $$1000$ bond. The bonds without the warrants would sell at $95.$ On May $1,2025,$ the fair value of Cullumber's common stock was $$35$ per share and of the warrants was $$2.$

On May $1,2025,$ Cullumber should credit Paid$-$in Capital from Stock Warrants for

$$68667.$

$$64467.$

$$66000.$

$$132000.$

$$ Attempts: $0$ of $1$ used $$