El Kordy Company issues $5,000,000, 7.8%, 20-year bonds to yield 8% on January 1, 2018. Interest is paid on June 30 and December 31. The proceeds from the bonds are $4,901,036. Using effective-interest amortization:

.

What is the carrying value of the bonds on December 31, 2019?

(a)$4,917,558

(b)$4,985,156

(c)$4,908,458

(d)$4,915,881

At the end of 2019, the Company should report unamortized bond discount of:

(a)$95,000

(b)$89,750

(c)$96,840

(d)$100,000