Vaughn Manufacturing offered detachable 5-year warrants to buy one share of common stock (par value $5) at $20 (at a time when the stock was selling for $30). The price paid for 900, $1,000 bonds with the warrants attached was $823000. The market price of the Vaughn bonds without the warrants was $727000, and the market price of the warrants without the bonds was $75200. What amount should be allocated to the warrants?

$93200

$97700

$77150

$75200