6) on July 1, year 1, young co. purchases as a long-term investment $500,000 of Paul,Incs 8 % bonds for $473,000. Including accrued interest of $20,000. The bonds were purchased to yield 10% interest and were properly classified as held-to maturity securities. The bonds mature on January 2, year 8. And pay interest annually on January 1. Young uses the effective interest method of amortization. In its December 31, year 1. Balance sheet, what amount should young report as investment in bonds?

A. $455,650

B. $458,300

C. $476,650

D. $480,300