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On January 1, 2015, Brewers Corporation issued $1,000,000 of 8%, 5year bonds at 97, with interest paid annually. Using the straightline amortization method, what is

On January 1, 2015, Brewers Corporation issued $1,000,000 of 8%, 5year bonds at 97, with interest paid annually. Using the straightline amortization method, what is the carrying value of the bonds on January 1, 2015?

A.$982,000

B.$976,000

C.$970,000

D.$1,030,928

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