Problem $9-6$A $($Algo$)$ Understand a bond amortization schedule $($LO$9-5)$

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On January $1,2024,$ Highlands Resort issues $$25$ million of$$bonds that pay interest semiannually on June $30$ and December $31.$ Portions of the bond amortization schedule appear below:

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$(1)$

Date$(2)$

Cash Paid for Interest$(3)$

Interest Expense$(4)$

Increase in Carrying Value$(5)$

Carrying Value$1/1/2024$$$23,374,0086/30/2024$$$1,000,000$$$1,051,830$$$51,83023,425,83812/31/20241,000,0001,054,16354,16323,480,001$

Problem $9-6$A $($Algo$)$ Part $2$

$2.$ What is the original issue price of the bonds? $($Enter your answer in whole dollars, not millions $($i$.$e$.,$ $$5\mathrm{.}5$ million should be entered as $5,500,000).)$