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Sandhill Co. received proceeds of $709500 on 10-year, 9% bonds issued on January 1, 2019. The bonds had a face value of $752000, pay interest

Sandhill Co. received proceeds of $709500 on 10-year, 9% bonds issued on January 1, 2019. The bonds had a face value of $752000, pay interest annuall on December 31, and have a call price of 103. Sandhill uses the straight-line method of amortization. What is the carrying value of the bonds on January 1, 2021? $743500 $718000 0 $713750 $752000

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