On January $1,2019,$ Sheridan Enterprises sold $8\%,20-$year bonds with a face amount of $$1,360,000$ for $$1,292,000.$ Interest is payable annually on January $1.$

Calculate the carrying value of the bond at December $31,2019$ and $2020.$

Carrying Value

December $31,2019$

$ $$

December $31,2020$

$ $$