Question: please answer correctly Required information [The following information applies to the questions displayed below.] On January 1,2024 , Splash City issues $400,000 of 8% bonds,

please answer correctly

Required information [The following information applies to the questions displayed below.] On January 1,2024 , Splash City issues $400,000 of 8% bonds, due in 15 years, with interest payable semiannually on June 30 and December 31 each year. The market interest rate on the issue date is 9% and the bonds issued at $367,422. Required: 1. Using an amortization schedule, show that the bonds have a carrying value of $369,707 on December 31 2025. (Round your final answers to nearest whole dollar.)

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