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On January 1, 2020, Pratt Inc. issues $630,000, 6-year, 9% bonds for 107. Interest is paid annually on December 31. Pratt uses the straight-line method

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On January 1, 2020, Pratt Inc. issues $630,000, 6-year, 9% bonds for 107. Interest is paid annually on December 31. Pratt uses the straight-line method of amortization. The company's fiscal year ends on December 31. What is the amount of carrying value of the bonds on the December 31, 2020 balance sheet? $674,100 $686,700 $630,000 $666,750

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