What is the bond liability $($carrying amount$)$

Use the following to answer questions $11-15$

The company issues $6\mathrm{.}0\%,20-$year bonds with a face amount of $$1,000,000$ for $$1,002,297\mathrm{.}71.$ The market interest rate for bonds of similar risk and maturity is $5\mathrm{.}98\%.$ Interest is paid annually.