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On May 1, 2007, Computervision purchased $156,000, 8% bonds, with interest payable on January 1 and...

On May 1, 2007, Computervision purchased $156,000, 8% bonds, with interest payable on January 1 and July 1, for $90,234, NOT INCLUDING accrued interest. The bonds mature on April 1, 2015. Amortization is recorded using the straight-line method and the bonds are classified as trading. On December 31, 2010, the bonds were adjusted to their proper carrying value when their fair value was $108,685. The fair market value of the bonds on December 31, 2009 was $120,561. The fair market value of the bonds on December 31, 2009 was $120,561.

At what amount will these securities be carried on the balance sheet as of December 31, 2010? Note: Accrue interest and amortize premium/discount on a monthly basis. Round your answer to the nearest whole dollar. Enter your answer as a positive number.

Please be detailed so I can understand how you got your answer! Thank you!

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