Barker Industries issued $5,000,000 of bonds at 104. 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 $1,010. How much will be credited to Paid-in Capital—Stock Warrants?

A) $0
B) $150,000
C) $381,651
D) $418,349

Answer: C