Question: On May 1 , 2 0 2 5 , Marly Co . issued $ 2 , 5 0 0 , 0 0 0 of 7

On May 1,2025, Marly Co. issued $2,500,000 of 7% bonds at 103, which are due on April 30,2031. Twenty detachable stock warrants entitling the holder to purchase for $40 one share of Marly's $15 par value common stock were attached to each $1,000 bond. The bonds without the warrants would sell at 96. On May 1,2025, the fair value of Marly's common stock was $35 per share and of the warrants was $2.
On May 1,2025, Marly will credit Paid-in Capital from Stock Warrants for
$ 96,000.
$103,000.
$100,000.
$175,000.

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