R Company purchased $100,000 of 8% bonds on Jan 1, 2016 at a discount. They paid $92,278. The bonds mature Jan 1, 2021 and yield a 10% rate. The intent of management is to hold the bonds until maturity. Assuming that interest is payable July 1 and Jan 1 create an effective interest amortization table.

What is the carrying value of the investment on 1/1/18 after the adjusting entry had been made?

What is the amount of interest recognized in the period ended 1/1/17?

(Round to the nearest whole number, input everything as positive, disregard any dollar signs or commas when inputting your answer.)