On January 1, a company issued and sold a $360,000, 4%, 10-year bond payable, and received proceeds of $350,000. Interest is payable each June 30 and December 31. The company uses the straight-line method to amortize the discount. The carrying value of the bonds immediately after the first interest payment is: Multiple Choice $359,500. $360,500. $350,500. $349,500. $360.000