Sheffield Company received proceeds of $$384000$ on $10-$year, $9\%$ bonds issued on January $1,2020.$ The bonds had a face value of $$399000,$ pay interest annually on June $30$ and December $31,$ and have a call price of $101.$ Sheffield uses the straight$-$line method of amortization.

What is the carrying value of the bonds on January $1,2022?$

$$387000$

$$399000$

$$396000$

$$385500$

Attempts: $0$ of $1$ used