Southwest Corporation issued bonds with the following details:

The annual accounting period ends December 31. The bonds were issued at 103 on January 1, 2015, when the market interest rate was 9 percent. Assume the company uses straight-line amortization and adjusts for any rounding errors when recording interest expense in the final year.

Compute the bond value which should be reported on the balance sheets at December 31, 2015 and 2016.

SOUTHWEST CORPORATION
Balance Sheet (partial)
	2015	2016
Current Liabilities
Carrying Value	$0	$0