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Hooker Company sells $200,000 of ten-year, 8% bonds to yield 10% on January 1, 2014. The bonds pay interest annually on December 31. The bonds

Hooker Company sells $200,000 of ten-year, 8% bonds to yield 10% on January 1, 2014. The bonds pay interest annually on December 31. The bonds were sold at a discount of $24,578. The bond carrying amount at the end of 2014 is?

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