The carrying value of bonds will equal the market price

	a.	at the close of every trading day.
	b.	at the end of the fiscal period.
	c.	every six months on the date interest is paid.
	d.	on the date of issuance.

1. On January 1, 2021, $3,000,000, 5-year, 10% bonds, were issued for $2,860,000. Interest is paid annually on January 1. If the issuing corporation uses the straight-line method to amortize discount on bonds payable, the amortization amount per year is

   	a.	$28,000.
   	b.	$14,000.
   	c.	$36,500.
   	d.	$32,000.