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TechLab issued $60,000 of 6.25% bonds on January 1 at a discount of $4,214. Interest expense reported during the year totaled $3,905, while discount amortization

TechLab issued $60,000 of 6.25% bonds on January 1 at a discount of $4,214. Interest expense reported during the year totaled $3,905, while discount amortization amounted to $155.

How much is the book value of the bonds on December 31?

$55,631
$56,091
$63,909
$55,941

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