On January $1,2024,$ Purtell Company issued $$100,000$ of $10\%,$ five$-$year bonds payable at $107.$ Purtell Company has extra cash and wishes to retire the bonds

payable on January $1,2025,$ immediately after making the second semiannual interest payment. To retire the bonds, Purtell pays the market price of $95.$

Read the requirements. $($Assume bonds payable are amortized using the straight$-$line amortization method.$)$

Requirement $1.$ What is Purtell Company's carrying amount of the bonds payable on the retirement date?

The carrying amount of the bonds payable on the retirement date is