An entity issues $3\%$ bonds with a nominal value of $$150,000.$ The bonds are issued at a discount of $10\%$ and issue costs of $$11,450$ are incurred.

The bonds will be repayable at a premium of $$10,000$ after $4$ years. The effective rate of interest is $10\%.$

The initial recognition of the bonds was correctly recorded by the entity at $$123,550.$ However, the entity has not re$-$measured the bonds and has instead expensed the interest paid to the statement of profit or loss.

Required:

Calculate the carrying amount of the bonds that should be presented in the statement of financial position at the end of year $1$