af 2 Required information {The following information applies to the questions displayed below) On January 1, 2021, Splash City issues $320,000 of 8% bonds, due in 15 years, with interest payable semiannually on June 30 and December 31 each year. The market interest rate on the issue date is 9% and the bonds issued at $293.938 Required: 1. Using an amortization schedule, show that the bonds have a carrying value of $295.765 on December 31, 2022. (Round interest expense to nearest whole dollar.) Date Cash Paid Interest Expense Increase in Carrying Value Carrying Value 01/01/2021 06/30/2021 12/31/2021 06/30/2022 12/31/2022