On June 30 of the current year Huff Corp. issued 1,000 of its 8%, $ 1,000 bonds at 99. The bonds were issued through an underwriter to whom Huff paid bond issue costs of $ 35,000. Huff uses IFRS. On June 30 of the current year, Huff should report the bond liability on its balance sheet at:
a. $ 955,000
b. $ 965,000
c. $ 990,000
d. $ 1,000,000