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| On January 1, year 1 , Gilson Corporation issued for $1,030,000, 1,000 of its 9%, $1,000 callable bonds. The bonds are dated January 1, year 1 , and mature on December 31, year 14 . Interest is payable semiannually on January 1 and July 1. The bonds can be called by the issuer at 102 on any interest payment date after December 31, year 5 . The unamortized bond premium was $14,000 at December 31, year 6 , and the market price of the bonds was 99 on this date. Gilson does not elect the fair value option for reporting financial liabilities. In its December 31, year 6 balance sheet, at what amount should Gilson report the carrying value of the bonds? A. $ 990,000 B. $1,016,000 C. $1,014,000 D. $1,020,000 |