Current Attempt in Progress

Crane Company purchased bonds with a face amount of $$1275000$ between interest payment dates. Crane purchased the bonds at

$102,$ paid brokerage costs of $$16100,$ and paid accrued interest for three months of $$26100.$ The amount to record as the cost of this

long$-$term investment in bonds is

$$1316600.$

$$1300500.$

$$1275000.$

$$1342700.$