LifeStream Industries has used BrightLight light bulbs for years. When it needs new light bulbs, it uses a straight rebuy. The distributor of Tungsram LED light bulbs would like an opportunity to get his product considered by LifeStream. A(n) would be particularly useful for Tungsram, the out-supplier.

On january 1, year 1, purl corp. purchased as a long-term investment $500,000 face amount of shaw, inc.’s 8% bonds for $456,200. the bonds were purchased to yield 10% interest. the bonds mature on january 1, year 6, and pay interest annually on january 1. purl uses the effective interest method of amortization. what amount (rounded to nearest $100) should purl report on its december 31, year 2, balance sheet for these held-to-maturity bonds?