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A company issues $16100000, 5.8%, 20-year bonds to yield 6% on January 1, 2016. Interest...

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Accounting

A company issues $16100000, 5.8%, 20-year bonds to yield 6% on January 1, 2016. Interest is paid on June 30 and December 31. The proceeds from the bonds are $15727852. Using straight-line amortization, what is the carrying value of the bonds on December 31, 2018? $15761406 $15788704 $15991498 $15783674

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