Question 12 On May 1, 2018, Sunland Company issued $1450000 of 7% bonds at 103, which are due on April 30, 2028. 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 $1,000 bond. The bonds without the warrants would sell at 96. On May 1, 2018, the fair value of Sunland's common stock was $35 per share and of the warrants was $2. On May 1, 2018, Sunland should record the bonds with a O discount of $58000. O discount of $ 16240. O discount of $14500. O premium of $43500. LINK TO TEXT Question Attempts: 0 of 1 used SAVE FOR LATER SAVE FOR LATER SUBMIT ANSWER SUBMIT