On December 31, 2024, a company issues four-year bonds with an aggregate face value of $1,000,000. The bonds have an annual coupon (or stated) rate of 7.0%. Assume the company makes bond coupon payments once per year on December 30. The market rate of interest at issuance is 11.0% at the time the firm issues the bonds. Using the above information, compute the dollar amount for this bond that the company will recognize on its balance sheet as of December 31, 2026. Please provide a dollar amount in the corresponding answer box on the answer sheet