The following amortization schedule is related to a bond issuance on January 1,2020. ...

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Accounting

The following amortization schedule is related to a bond issuance on January 1,2020.
Amortization Schedule
Cash Interest Effective Interest Amortization amount Carrying value
01/01/20 $38,934
07/01/20 $1,200 $1,363 $16339,097
01/01/211,2001,36816839,265
07/01/211,2001,37417439,440
01/01/221,2001,38018039,620
07/01/221,2001,38718739,807
01/01/231,2001,39319340,000
$7,200 $8,266 $1,066
The net amount of liability that the company reports on December 31,2020 is
Group of answer choices
$39,097.
$38,934.
$40,000.
$39,265.

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