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13 Discount-Mart issues $13 million in bonds on January 1, 2021. The bonds have a nine-year term and pay interest semiannually on June 30 and

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13 Discount-Mart issues $13 million in bonds on January 1, 2021. The bonds have a nine-year term and pay interest semiannually on June 30 and December 31 each year. Below is a partial bond amortization schedule for the bonds: Interest Expense Increase in Carrying Value Cash Paid Date 01/01/2021 06/30/2021 12/31/2021 06/30/2022 12/31/2022 Book $650,000 650,000 650,000 650,000 $695,545 698,277 701, 174 704,244 Carrying Value $11,592,411 11,637,956 11,686,233 11,737,407 11, 791,651 $ 45, 545 48,277 51,174 54,244 What is the carrying value of the bonds as of December 31, 2022? Multiple Choice $11,791,651. O $11,686,233. O $13,091,651 $11,737,407

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