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On January 1, 2021, Bantam Company issues a $1,000,000 face value, 4%, 5-year bond. Interest is paid semiannually each June 30 and December 31. The

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On January 1, 2021, Bantam Company issues a $1,000,000 face value, 4%, 5-year bond. Interest is paid semiannually each June 30 and December 31. The bonds sold at a price of 102; Bantam uses the straight-line method of amortizing bond discount or premium. The net carrying value of the bond reported in the Company's financial statements at the time of issuance will be: Select one: a. $1,000,000 O b: $1,020,000 c. $1,040,000 O d. 5980,000

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