Garland Company received proceeds of $131600 on 10-year, 6% bonds issued on January 1, 2018. The bonds had a face value of $140000, pay interest annually on January 1, and have a call price of 101....

Garland Company received proceeds of $131600 on 10-year, 6% bonds issued on January 1, 2018. The bonds had a face value of $140000, pay interest annually on January 1, and have a call price of 101. Garland uses the straight-line method of amortization.


What is the carrying value of the bonds on January 1, 2020?