Please explain!

On January 1, 2016, Solo Inc. issued 461,000 of its 5% bonds at 103. Interest is payable semiannually on July 1 and December 31, The bonds mature in ten years. Solo uses straight-line amortization. The carrying value of the bond on December 31, 2016 would be tion 4 0 out of 0.2 points Emma Company purchased a machine from Noah Corporation on October 31, 2016. In payment for the $188,200 purchase, Emma issued a one- year installment note to be paid in equal monthly payments of $16,721 at the end of each month. The payments include interest at an annual rate of 1 296. After recording the November 30, 2016 payment, the balance in Notes Payable will be _