On January 1, 2020,SwiftyCorporation issued8% bonds with a par value of $4,520,000, due in 10 years. The company incurred $183,000in costs associated with the issuance of the bonds, which were capitalized. The bonds were issued at101, and paid interest on January 1 and July 1 each year.Swifty'syear-end was March 31.The company followed ASPE and chose to use the straight-line method of amortization for bond discounts or premiums.