On January 1 Year 1, Copper purchases a $2,000,000 6% bond for $1,848,000 resulting in an effective interest rate of 8%. The firm has the positive intend and ability to hold the bond to maturity. The bond pays interest once per year beginning December 31 Year 1. At the end of business on December 31 Year 1 the fair value of the bond is $912,000. What is the carrying value of the bond at the end of Year 1 (round to the nearest $1,000)?

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