Question 22 ( 8 points) Mitchell Inc. issued 40,6%,$1,000 bonds on January 1,2020 . for $36,755. The bonds pay cash interest semiannually each June 30 , and December 31 , and were issued to yicld $%. The bonds mature December 31,2024 , and the company uses the effective interest method to amortize bond discounts or premiums. On January 1, 2020, Mitchell Ine. elects to accoune for the bonds using the fair value option. At December 31, 2022, the market rata nm sta. La.., .. nor Required: 1. The carrying value of the bonds on December 31,2022 is $ 2. The fair value of the bonds on December 31,2022 is $ 3. The amount of unrealized holding gain or loss is $ gain or loss. (Circle "gain" if there is an unrealized holding gain or "loss" if there is an unrealized holding loss) Note: Don't round until the final answer. Round the final answer to the nearest dollar. Question 22 ( 8 points) Mitchell Inc. issued 40,6%,$1,000 bonds on January 1,2020 . for $36,755. The bonds pay cash interest semiannually each June 30 , and December 31 , and were issued to yicld $%. The bonds mature December 31,2024 , and the company uses the effective interest method to amortize bond discounts or premiums. On January 1, 2020, Mitchell Ine. elects to accoune for the bonds using the fair value option. At December 31, 2022, the market rata nm sta. La.., .. nor Required: 1. The carrying value of the bonds on December 31,2022 is $ 2. The fair value of the bonds on December 31,2022 is $ 3. The amount of unrealized holding gain or loss is $ gain or loss. (Circle "gain" if there is an unrealized holding gain or "loss" if there is an unrealized holding loss) Note: Don't round until the final answer. Round the final answer to the nearest dollar