what is paid in capital?

On March 1, 2021, Waterway Industries issued $2020000 of 9% nonconvertible bonds at 104, which are due on February 28, 2041. In addition, each $1000 bond was issued with 25 detachable stock warrants, each of which entitled the bondholder to purchase for $50 one share of Waterway common stock, par value $25. The bonds without the warrants would normally sell at 95. On March 1, 2021, the fair value of Waterway's common stock was $40 per share and the fair value of the warrants was $2. What amount should Waterway record on March 1, 2021 as paid-in capital from stock warrants? $105040 $86240 $101000 O $74640