On January 1, 2020, LIBBYCo purchased $1,000,000 of 8%, 10-year bonds, with interest paid annually. The market rate for similar bonds is 7%, resulting in an issue price of $1,105,940. Assume the management intends to hold this investment until maturity. The fair value of the bonds at December 31, 2020 was $1,000,000. At the end of 2020 the reported balance for this investment will be? (use whole numbers without dollar signs)