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

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On January $1,2024,$ Vacation Destinations issues $$40$ million of bonds that pay interest semiannually on June $30$ and December $31.$ Portions of the bond amortization schedule appear below:

$(1)$

Date $(2)$

Cash Paid for Interest $(3)$

Interest Expense $(4)$

Increase in Carrying Value $(5)$

Carrying Value

$1/1/2024$ $$37,281,935$

$6/30/2024$ $$1,400,000$ $$1,491,277$ $$91,27737,373,212$

$12/31/20241,400,0001,494,92894,92837,468,140$

Problem $9-6$A $($Static$)$ Part $3$

$3.$ What is the face amount of the bonds? $($Enter your answer in whole dollars, not millions $($i$.$e$.,$ $$5\mathrm{.}5$ million should be entered as $5,500,000).)$