On January 1, 2011, Donner & Blitzen Reindeer Supply Company issued 300, $1,000, ten-year, 7% bonds at 101. The bonds were dated January 1, 2011, and annual interest will be paid each January 1. Donner & Blitzen use straight-line amortization. The carrying value of the bonds that would be reported on the Balance Sheet at December 31, 2011 is

$300,000.

$302,850.

$302,700.

$303,000.

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