On December $1,20$X$4,$ Gentry Company issued at $103,$ six hundred of its $9\%,$ $$1,000$ bonds.$$ Attached to each bond was one detachable stock warrant entitling the holder to purchase $10$ shares of Gentry's common stock. On December $1,20$X$4,$ the market value of the bonds, without the stock warrants, was $95,$ and the market value of each stock purchase warrant was $$50.$ Calculate the amount of the proceeds from the issuance that should be accounted for as the initial carrying value of the bonds payable.