Jade Larson Fitness Gym has $700,000 of 20-year bonds payable outstanding. These bonds had a discount of $63,000 at issuance, which was 10 years ago. The company uses the straight-line amortization method. The current carrying amount of these bonds payable is

A.

$731,500

B.

$637,000

C.

$668,500

D.

$700,000