On October 1, 2017, Sheridan Company purchased 850 of the exist1000 face value, 8% bonds of Loy, Inc., for exist961000, including accrued interest of exist17500. The bonds, which mature on January 1, 2024, pay interest semiannually on January 1 and July 1. Sheridan used the straight-line method of amortization and appropriately recorded the bonds as available-for-sale. On Sheridan's December 31, 2018 balance sheet, the carrying value of the bonds is exist924800. exist942300. exist938800. exist943500