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Sandhill Co, received proceeds of $980500 on 10 year, 9% bonds issued on January 1, 2019. The bonds had a face value of $1010000, pay

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Sandhill Co, received proceeds of $980500 on 10 year, 9% bonds issued on January 1, 2019. The bonds had a face value of $1010000, pay interest annually on December 31, and have a call price of 104. Sandhill uses the straight-line method of amortization. What is the carrying value of the bonds on January 1, 2021? O $1028100 O O $986450 $1040000 $992400

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