On January 1, 2022, GMT Inc. purchased as a long-term investment $100,000 million of 8% bonds. On the purchase day, the market rate was 12%. Payment Frequency is semi-annual (June 30 and December 31). The bonds mature on December 31, 2024. The market value of the bonds at the end of 2022 was $96,000. On July 1, 2023, GMT sold the bonds at $95,000. Assume that GMT classified the bonds as held-to-maturity securities. What was the net book value of the investment in bonds reported in the balance sheet as of Dec 31, 2022? Multiple Choice $98,000 $100,000 $93,070