STOCK WARRANTS - ABC Corp. issues $6,000,000 of bonds with a coupon rate of 8%. To help the sale, detachable stock warrants are issued at the rate of ten warrants for each $1,000 bond sold. It is estimated that the value of the bonds without the warrants is $5,896,000 and the value of the warrants is $404,000. The bonds with the warrants sold at 102 ($6,120,000). Prepare journal entry to record the issue of bonds.