Prescott Corporation issued ten thousand $1,000 bonds on January 1, 2024. The bonds have a 10-year term and pay interest semiannually. This is the partial bond amortization schedule for the bonds. What is the book value of the bonds as of December 31, 2025?

Payment	Cash	Effective Interest	Decrease in Balance	Outstanding Balance
1	400,000	344,632	55,368	11,432,379
2	400,000	342,971	57,029	11,375,350
3	400,000	341,261	58,739	11,316,611
4	400,000