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Sparks Company received proceeds of $211,500 on 10-year, 8% bonds issued on January 1, 2009.

Sparks Company received proceeds of $211,500 on 10-year, 8% bonds issued on January 1, 2009. The bonds had a face value of $200,000, pay interest annually on December 31st, and have a call price of 102. Sparks uses the straight-line method of amortization. What is the carrying value of the bonds on January 1, 2011

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