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On January 1, 20X2, Miller Corporation purchased $100,000 of 5%, 10- year bonds dated January 1, 20X2, at 98. Interest is paid on June 30

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On January 1, 20X2, Miller Corporation purchased $100,000 of 5%, 10- year bonds dated January 1, 20X2, at 98. Interest is paid on June 30 and December 31 of each year. Assuming use of the straight-line amortization method, the proper amount to report for Investment in Bonds at December 31, 20X3 is

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