On January 1, 2020, Sunland Company purchased 4% bonds, having a maturity value of $430,000 for $366,027. The bonds provide the bondholders with a 6% yield. They are dated January 1, 2020, and mature January 1, 2027, with interest paid on June 30 and December 31 of each year. Sunland Company uses the effective-interest method to allocate unamortized discount or premium. The bonds are classified as available-for-sale category. The fair value of the bonds at December 31 of each year-end is as follows.