On October 1,2024 , Pharoah Company purchased 720 of the $1000 face value, 8% bonds of Sheridan, Inc, for $896000, including accrued interest of $13600. The bonds, which mature on January 1, 2031, pay interest semiannually on January 1 and July 1 . Pharoah used the straight-line method of amortization and appropriately recorded the bonds as available-for-sale. On Pharoah's December 31 , 2025 balance sheet, the carrying value of the bonds is $863520. $882400. $860800. $849920