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On July 1 , 2 0 2 0 , Center Company issued for $ 5 9 8 , 9 6 4 , 1 0 %

On July 1,2020, Center Company issued for $598,964,10%,20-year bonds with a face value of $500,000. Interest is paid semiannually on December 31 and June 30. The bonds were issued to yield 8%. Center uses the effective interest method to amortize any bond discount or premium. What is the carrying amount of the bonds on Center's December 31,2021, balance sheet?interest method to amortize any bond discount or premium. What is the carrying amount of the bonds on Center's December 31,2021, balance sheet?
Select one:
a. $597,922
b. $594,802
c. $595,713
d. $596,839
e. $591,542
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