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On Jonuary 1, 2022. Pipestone Corporation issued a sixyear, $40,000;6% bond. The interest is payoble annisaly eoch December 3t. The issoe pike was $38,092 based

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On Jonuary 1, 2022. Pipestone Corporation issued a sixyear, $40,000;6% bond. The interest is payoble annisaly eoch December 3t. The issoe pike was $38,092 based on an 7% effective interest rate. Pipestone uses the effectivo-intorest amortization method The December 31, 2023 book volue after the December 31, 2023 interest peyment was made is closest to Milipiple Choice $39.092 $38,284 538,643 538068 On Jonuary 1, 2022. Pipestone Corporation issued a sixyear, $40,000;6% bond. The interest is payoble annisaly eoch December 3t. The issoe pike was $38,092 based on an 7% effective interest rate. Pipestone uses the effectivo-intorest amortization method The December 31, 2023 book volue after the December 31, 2023 interest peyment was made is closest to Milipiple Choice $39.092 $38,284 538,643 538068

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