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A corporation issues $ 1 0 million in bonds on January 1 , 2 0 2 4 . The bonds have a nine - year

A corporation issues $10 million in bonds on January 1,2024. 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:
\table[[Date,Cash Paid,\table[[Interest],[Expense]],\table[[Increase in],[Carrying],[Value]],\table[[Carrying],[Value]]],[0101?2024,,,,$8,831,042
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