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On April 1, 2020 Everjoy Company purchased 580,000 of Miller Corporation's 6% bonds at a purchase price of 96. At the time of purchase the

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On April 1, 2020 Everjoy Company purchased 580,000 of Miller Corporation's 6% bonds at a purchase price of 96. At the time of purchase the market rate of interest was 8%. Everjoy Company, whose year end is December 31, expects to hold the bonds until their maturity date 5 years from the date of purchase. Interest on the bonds will be paid every April 1 and October 1 until maturity. What is the carrying value (amortized cost) of the bond that Everjoy Company would report on October 1, 2020? O $78,144 0 $77,120 O $79,488 $77,472 O None of the above

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