The City of Sycamore Has Investments in Bonds

The City of Sycamore has investments in bonds. These bonds have an amortized cost of $998,000 and a market value of $1,001,000. The market value is quoted and available in the financial press. The original cost of the bonds was $996,000. The par value at maturity will be $1,000,000. The amount at which the investments would be reported is:

A) $ 996,000
B) $ 998,000
C) $ 1,000,000
D) $ 1,001,000