Check my work On January 1, 2019, Tonika Company issued a seven-year, $10,000, 10% bond. The interest is payable annually each December 31. The issue price was $9,529 based on an 11% 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: Multiple Choice 0 $9,630. $9,529. Prev 3 of 5 Next >