Question: Sun City issues bonds on January 1, 2012 that pay interest semiannually on June 30 and December 31. Portions of the bond amortization schedule appear

Sun City issues bonds on January 1, 2012 that pay interest semiannually on June 30 and December 31.

Portions of the bond amortization schedule appear below:

(1) (2) (3) (4) (5) Cash Interest Decrease in Carrying Date Paid Expense Carrying Value Value 1/1/2012 $55,338,768 6/30/2012 2,000,000 1,936,857 63,143 55,275,625 12/31/2012 2,000,000 1,934,647 65,353 55,210,272 50.474,924 6/30/2031 2,000,000 1,766,622 233,378 50,241,546 12/31/2031 2,000,000 1,758,454 241,546 $50,000,000

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