Barker Industries issued 6,000 $1,000 bonds at 102. Each bond contains 20 detachable stock warrants that allow the bondholder to purchase a share of Barker's common stock for $50. Immediately after the issue, the warrants were selling for $4 each and the bonds without the warrants were selling for $986. What will be the carrying value of Bonds Payable on the issue date? (Round intermediate calculations to four decimal places and your final answer to the nearest dollar.)

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The Answer of Barker Industries issued 6,000 $1,000 bonds at 102. Each bond contains 20 detachable stock warrants that allow the bondholder to purchase a share of Barker's common stock for $50. Immediately after the issue, the warrants were selling for $4 each and the bonds without the warrants were selling for $986. What will be the carrying value of Bonds Payable on the issue date? (Round intermediate calculations to four decimal places and your final answer to the nearest dollar.)

Barker Industries Issued 6,000 $1,000 Bonds at 102