A company issues $25650000, 7.8%, 20-year bonds to yield 8% on January 1, 2019. Interest is paid on June 30 and December 31. The proceeds from the bonds are $25142314. Using straight-line amortization, what is the carrying value of the bonds on December 31, 2021?

A company issues $25650000, 7.8%, 20-year bonds to yield 8% on January 1, 2019. Interest is paid on June 30 and December 31. The proceeds from the bonds are $25142314. Using straight-line amortization, what is the carrying value of the bonds on December 31, 2021? (Round answer to O decimal place, e.g. 52.) $25564844 $25184354 $25226854 $25218467