Bowlin Company Issued $1,000,000 of 9 Percent, Ten-Year Bonds for $937,790

Bowlin Company issued $1,000,000 of 9 percent, ten-year bonds for $937,790 on July 1, 2017, when the market rate of interest was 10 percent. The bonds mature in ten years and pay interest on June 30 and December 31. Bowlin's fiscal year ends on December 31and the company uses the effective interest method of amortization. The book value of the bonds on December 31, 2017 is:

A) $1,000,000.00
B) $ 944,011.00
C) $ 941,452.90
D) $ 939,679.50