On October 1, 2020, Crane Company purchased 910 of the $1000 face value, 8% bonds of Novak, Inc., for $991000, including accrued interest of $19300. The bonds, which mature on January 1, 2027, pay interest semiannually on January 1 and July 1. Crane used the straight-line method of amortization and appropriately recorded the bonds as available-for-sale. On Crane's December 31, 2021 balance sheet, the carrying value of the bonds is $959360. $978660. $971700. $974800.