Crane Company received proceeds of $$1048500$ on $10-$year, $8\%$ bonds issued on January $1,2019.$ The bonds had a face value of $$1112000,$ pay interest annually on December $31,$ and have a call price of $105.$ Crane uses the straight$-$line method of amortization. What is the carrying value of the bonds on January $1,2021?$

$$1061200$

$$1054850$

$$1112000$

$$1099300$