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29. ER issued for $2,060,000, two thousand of its 9%, $1,000 callable bonds. The bonds are dated January 1, 2019, and mature many years from

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29. ER issued for $2,060,000, two thousand of its 9%, $1,000 callable bonds. The bonds are dated January 1, 2019, and mature many years from now. Interest is payable semi-annually on January 1 and July 1. The bonds can be called by the issuer at $102 on any interest payment date after December 31, 2023. The unamortized bond premium was $28,000 at December 31, 2021, and the market price of the bonds was $99 on this date. In its December 31, 2021, balance sheet, at what amount should GC report the carrying value of the bonds? A. $1,980,000 g $2,028,000 0. $2,032,000 D. $2,040,000 E. Cannot answer; the bond term is not given

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