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3 On January 1, 2019, Tonika Company issued a six-year, $10,000, 8% bond. The interest is payable annually each December 31. The issue price was

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3 On January 1, 2019, Tonika Company issued a six-year, $10,000, 8% bond. The interest is payable annually each December 31. The issue price was $9,552 based on an 9% effective interest rate. Tonika uses the effective-interest amortization method. The December 31, 2020 book value after the December 31, 2020 interest payment was made is closest to: 20 points Multiple Choice eBook $9,612 Print O O $9.547. References $9,677 O O $9,552

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