On January 1, 2020, National Retail purchased $100,000 of GEH Company bonds at a discount of $10,000. The GEH bonds pay 6% interest but were purchased when the market interest rate was 8% for bonds of similar risk and maturity. The bonds pay interest semiannually on June 30 and December 31 of each year. National Retail accounts for the bonds as a held-to-maturity investment and uses the effective interest method. In National Retails annual balance sheet, the carrying value of the bonds will show:

	a.	$90,000
	b.	$91,024
	c.	$100,000
	d.	$624
	e.	$90,600