Use the following partial bond amortization schedule to answer the question Given information A corporation issues $100,000 of bonds on January 1, 2021 The bonds have a 10 year term and pay interest semiannually on June 30 and December 31 each year What is the carrying value of the bonds of December 31, 2021 (1) (2) (3) (4) (5) Date Cash Paid interest expense increase in Carrying Value CarryingValue Face amount X stared Rate Carrying Value X market Rate (3) (2) Prior Carrying value (4) 1 1 2021 $93205 6 30 2021 $3500 3728 228 93433 12 31 2021 3500 3737 237 93670 99057 6 30 2030 3500 3962 462 99519 12 31 2030 3500 3981 481 100000

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Question: Use the following partial bond amortization schedule to answer the question. Given information: A corporation issues $100,000 of bonds on January 1, 2021. The bonds

Use the following partial bond amortization schedule to answer the question. Given information: A corporation issues $100,000 of bonds on January 1, 2021. The bonds have a 10-year term and pay interest semiannually on June 30 and December 31 each year. What is the carrying value of the bonds of December 31, 2021?

(1)	(2)	(3)	(4)	(5)
Date	Cash Paid	interest expense	increase in Carrying Value	CarryingValue
	Face amount X stared Rate	Carrying Value X market Rate	(3)-(2)	Prior Carrying value + (4)
1/1/2021				$93205
6/30/2021	$3500	3728	228	93433
12/31/2021	3500	3737	237	93670
.	.	.	.	.
.	.	.	.	99057
6/30/2030	3500	3962	462	99519
12/31/2030	3500	3981	481	100000

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