On January t 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 $349,500 $360,500 $350,500 O $360,000