Coronado Corporation issued 2,100 $1,000 bonds at 103. Each bond was issued with one detachable stock warrant. After issuance, the bonds were selling in the market at 98, and the warrants had a market price of $40. How should the issuance of the bonds and warrants be recorded using the proportional method?
a) Bonds at $1,030, Warrants at $40, Cash at $2,163,000
b) Bonds at $2,163,000, Warrants at $84,000, Cash at $2,163,000
c) Bonds at $2,163,000, Warrants at $84,000, Cash at $2,181,000
d) Bonds at $2,181,000, Warrants at $84,000, Cash at $2,181,000