Question: On March 1 , 2 0 2 1 , E Corp. issued $ 1 , 0 0 0 , 0 0 0 of 1 0

On March 1,2021, E Corp. issued $1,000,000 of 10% nonconvertible bonds at 103, due on February 28,2031. Each $1,000 bond was issued with 30 detachable stock warrants, each of which entitled the holder to purchase, for $50, one share of Evan's $25 par common stock. On March 1,2021, the market price of each warrant was $4. By what amount should the bond issue proceeds increase shareholders' equity?
Group of answer choices
$120,000.
$90,000.
$0.
$30,000.

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