On May 1, 2008, Logan Co

On May 1, 2008, Logan Co. issued $300,000 of 7% bonds at 103, which are due on April 30, 2018. Twenty detachable stock warrants entitling the holder to purchase for $40 one share of Logan's common stock, $ 15 par value, were attached to each $1,000 bond. The bonds without the warrants would sell at 96. On May 1, 2008, the fair value of Logan's common stock was $35 per share and of the warrants was $2.
-On May 1, 2008, Logan should credit Paid-in Capital from Stock Warrants for

A) $11,520.
B) $12,000.
C) $12,360.
D) $21,000.