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19. On January 1, Year 1, Gilson Corporation issued 1,000 of its 996, $1,000 callable bonds for $1,030,000. The bonds are dated January 1, Year

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19. On January 1, Year 1, Gilson Corporation issued 1,000 of its 996, $1,000 callable bonds for $1,030,000. The bonds are dated January 1, Year 1, and mature on December 31, Year 15. Interest is payable semiannually on January 1 and July 1. The bonds can be called by the issuer at 102 on any interest payment date after December 31, Year 5. The unamortized bond premium was $14,000 at December 31, Year 8, and the market price of the bonds was 99 on this date. In its December 31, Year 8, balance sheet, at what amount should Gilson report the carrying value of the bonds

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