On June 30, 2020, Metlock Company issued $ 5,840,000 face value of 13%, 20-year bonds at $ 6,279,340, a yield of 12%. Metlock uses the effective-interest method to amortize bond premium or discount. The bonds pay semiannual interest on June 30 and December 31.

Show the proper balance sheet presentation for the liability for bonds payable on the December 31, 2021, balance sheet. (Round answers to 0 decimal places, e.g. 38,548.) Metlock Company Balance Sheet December 31, 2021 Long-term Liabilities Bonds Payable $ 5,840,000 Premium on Bonds Payable Book Value of Bonds Payable tA