On August 1, 2016, Tra Vinh Corporation issued $127.80 million 5% bonds, with interest payable on January 31 and July 31 each year. The market yield rate for these bonds on the date of issuance was 4.5% and they were issued at 103.91. The bonds had a maturity date of April 1, 2026. The companys fiscal year end is July 31.

Determine the carrying amount these bonds would be reported at on the companys statement of financial position at July 31, 2017.