On November 1, 2015, Davis Company issued $30,000, eight-year, 5% bonds for $29,344. The bonds were dated November 1, 2015, and interest is payable each on May 1 and November 1. Davis uses the straight-line method of amortization. How much is the book value of the bonds after the November 1, 2016 interest payment was recorded using the straight-line method of amortization? $29,426. $29,262. $29,344. O $29,508