On May $1,2023,$ Cheyenne Ltd$.$ issued $\backslash$$$505000,10$ year, $7\backslash \%$ bonds at $104.$ Twenty detachable warrants were attached to each $\backslash$$$1000$ bond, which entitled the holder to purchase one of Cheyenne's no par value common shares for $\backslash (\backslash$$ $40\backslash ).$ At this time, similar bonds without warrants were selling at $96.$ It was determined that the fair value of Cheyenne's common shares was $\backslash (\backslash$$ $34\backslash ),$ but the value of the warrants was NOT determinable. Cheyenne is a private corporation that follows ASPE, but does NOT use the residual method. On May $1,2023,$ Cheyenne should credit Bonds Payable for $\backslash$$$525200.$ Cannot be determined from the information given. $\backslash$$$484800.\backslash$$$505000.$