Lawrence Company issued $1,000,000 face value, 6%, 5-year bonds on January 1, 2023. Interest is paid semiannually each June 30 and December 31. The bonds were originally sold at a price of 97; Lawrence uses the straight-line method of amortizing bond discount or premium. Before payment, the net carrying value of the bond in Lawrence Company's December 31, 2027, financial statements will be (round to the nearest thousand $): Select one: a. $1,060,000. b. $1,030,000. c. $1,000,000. d. $970,000.