On January $1,2022,$ Solo Inc. issued $1,000$ of its $8\%,$$$1,000$ bonds at $98.$ Interest is

payable semiannually on January $1$ and July $1.$ The bonds mature on January $1,2032.$

Solo paid $$50,000$ in bond issue costs. Solo uses straight$-$line amortization.

What is the carrying value of the bonds reported in the December $31,2022,$ balance

sheet?

a$)$ $$1,045,000$

b$)$ $$1,040,000$

c$)$ $$987,000$

d$)$ $$937,000$