Question 3 2 pts Hillsborough Glassware Company issues $1,061,000 of its 11%, 10-year bonds at 96 on February 28, 2017. The bonds pay interest on February 28 and August 31. Assume that Hillsborough uses the straight-line method for amortization. What net amount will be reported for the bonds on the August 31, 2017 balance sheet? Round any intermediate calculations and your final answer to the nearest dollar.) O $1,018,560 O $1,016,438 O $1,061,000 $1,020,682