On May 1, 2015, J & J purchased bonds issued by W & W Company. The bonds have a face value of $100,000, pay interest annually at 6 percent on November 1 and May1, and mature in five years from the date of purchase. J & J purchased the bonds for $106,000. J & Js accounting fiscal year ends on December 31. Assume the J & J uses the straight-line method of amortization and the bonds are classified as Held to Maturity. What is the amortized cost at December 31, 2015?