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Hooker Company issues $200,000 of ten-year, 8% bonds to yield 10% on January 1, 2018. The bonds pay interest annually on December 31. The bonds

Hooker Company issues $200,000 of ten-year, 8% bonds to yield 10% on January 1, 2018. The bonds pay interest annually on December 31. The bonds were sold at a discount of $24,578.

The bond carrying value at the end of 2019 is:

Multiple Choice

A. $175,422.

B. $200,000.

C. $203,238.

D. $178,660.

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