Appling Enterprises issued $8\%$ bonds with a face amount of $$400,000$ on January $1,2024.$

The bonds sold for $$331,364$ and mature in $2043(20$ years$).$

For bonds$$ of similar risk and maturity the market yield was $10\%.$

Interest is paid semiannually on June $30$ and December $31.$

Appling determines interest expense at the effective rate.

Appling elected the option to report these bonds at their fair value.

The fair values of the bonds at the end of each quarter during $2024$ as determined by their market values in the over$-$the$-$counter market were the following:

$\backslash$table$[[$March $31,$$$350,000$