Use the Following to Answer Questions

Multiple Choice

Use the following to answer questions
Weller Company issued bonds with a face value of $400,000,a 10% stated rate of interest,and a 10-year term.The bonds were issued on January 1,2016,and Weller uses the effective interest method of amortization.The market rate of interest on the date of issue was 8%.Interest is paid annually on December 31.
-Assuming Weller issued the bonds for $431,940,the carrying value of the bonds on the December 31,2018 balance sheet would be closest to:

A) $420,615.
B) $426,495.
C) $414,264.
D) $404,800.