On Jаnuаry 1, 2XY1, а cоmpany issued $100,000 оf 5-year bоnds at 102. The bonds pay interest annually on December 31 and have a stated interest rate equal to the market rate. The premium is amortized using the straight-line method. What amount should be reported as the carrying value of the bonds payable on the December 31, 2XY1 balance sheet?