On January 1, 2024, Morton Sales Company issued zero-coupon bonds with a face value of $5.1 million for cash. The bonds mature in 15 years and were issued at a price of $2,128,077.

Required:

What will Morton Sales Company report on these bonds in its December 31, 2024, balance sheet?

Note: Use tables, Excel, or a financial calculator. Round your effective interest rate to the nearest whole percent and final answer to the nearest whole dollar.