Melon Company issues $1,029,000 of its 9%, 10-year bonds at 98 on February 28, Year 1. The bonds pay interest on February 28 and August 31. Assume that Melon uses the straight-line method for amortization. What net amount will be reported for the bonds on the August 31, Year 1 balance sheet? $1,008,420 $1,009,449 $1,007,391 $1,029,000