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Denver Electric sold $3.16 million of 10%, 10-year bonds on January 1, 2017. The bonds were dated January 1, 2017, and paid interest on January

Denver Electric sold $3.16 million of 10%, 10-year bonds on January 1, 2017. The bonds were dated January 1, 2017, and paid interest on January 1. The bonds were sold at 97. Assume that at December 31, 2017, $8,490 of the discount has been amortized. Show the balance sheet presentation of the non-current liability at December 31, 2017.

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