XYZ Company is planning to issue bonds with a face value of $100,000 and a coupon rate of 7%. The bonds mature in 3 years and pay Interest annually on every December 31. All of the bonds are sold on January 1 of this year. Assume an annual market rate of interest of 4% and that XYZ Company uses the effective-interest amortization method to account for its bonds. What is the carrying value of the bonds at December 31 of next year, after the second interest payment? NOTE: Round your final answer to the nearest whole dollar (Time Value of Money Tables: PV of S1 PVA of $9 $102,885 $108,326 $107743 $107201 $108,908 $105,659 $109,532