On January 1,20X9,Stack 'Em Up Acquired a $550,000 Face Value

On January 1,20X9,Stack 'em Up acquired a $550,000 face value bond.The bond has a 10% coupon rate and pays interest semi-annually every June 30 and December 31.The bond matures in 10 years.Stack 'em Up acquired the bond at a price that would yield 8%.Using the present value tables,determine the balance sheet presentation of the bond on the December 31,20X9,balance sheet of Stack 'em Up.The company plans to hold the bond until maturity.The company uses the effective interest method of discount or premium amortization.