Ivanhoe Company received proceeds of $ 431500 on 10 -year, 8 % bonds issued on January 1,

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Question:

Ivanhoe Company received proceeds of $431500 on 10-year, 8% bonds issued on January 1, 2019. The bonds had a face value of $410000, pay interest annually on December 31, and have a call price of 104. Ivanhoe uses the straight-line method of amortization. What is the carrying value of the bonds on December 31, 2021?

$427200

$410000

$429350

$392800