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Question 5 (Stock Warrants Proportional Method) The Denver Broncos issued 2,000 $1,000 bonds at 102. Each bond was issued with one detachable stock warrant. After

Question 5 (Stock Warrants Proportional Method)

The Denver Broncos issued 2,000 $1,000 bonds at 102. Each bond was issued with one detachable stock warrant. After issuance, the bonds were selling in the market at 97, and the warrants had a market price of $45. Use the proportional method to record the issuance of the bonds and warrants.

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