A company purchased $200,000 of 9%, 4-year bonds on January 1, 2024, for $200,000. As of December 31, 2024, the fair value of the bonds has decreased to $180,000. Assuming the investment is classified as trading securities, what amount would the company report for its investment in bonds on December 31, 2024?
Group of answer choices
$218,000
$200,000
None of these answer choices are correct.
$180,000