On July 1, Year 1, Walsh Co. acquired a noncurrent investment in bonds. It paid $11,490,800 for 8%, 10-year bonds with a face amount of $10 million. Interest is paid semiannually on December 31 and June 30, and the effective interest rate is 6%. Assuming the effective-interest method is used to account for the investment, the carrying amount of the bonds at December 31, Year 1, is A. $10,000,000 B. $11,380,248 C. $11,435,524 D. $11,490,800