Chou issued callable bonds on January 1, 2021. The bonds pay interest annually on December 31 each year. Chou's accountant has projected the following amortization schedule from issuance until maturity: Date Cash Paid Interest Expense Decrease in Carrying Value Carrying Value 01/01/2021 $ 269,856 12/31/2021 $ 28,600 $ 26,986 $ 1,614 268,242 12/31/2022 28,600 26,824 1,776 266,466 12/31/2023 28,600 26,647 1,953 264,512 12/31/2024 28,600 26,451 2,149 262,364 12/31/2025 28,600 26,236 2,364 260,000 Chou issued the bonds at: Multiple Choice A premium. Cannot be determined from the given information. Face amount. A discount.