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6. On January 1, 2014, Sweetwater Inc. issued $3 million of 5 year bonds at an 10% stated interest rate to be paid annually. Sweetwater
6. On January 1, 2014, Sweetwater Inc. issued $3 million of 5 year bonds at an 10% stated interest rate to be paid annually. Sweetwater Inc. issued the bonds at 103 since the market rate of interest was 9%. What amount would Sweetwater Inc. report as the carrying value of the bond on January 1, 2015? (round to the nearest dollar). A) $3,090,000 B) $3,068,100 C) $3,074,550 D) $3,000,000 E) There is not enough information to answer the question.
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