Company Inc. currently has bonds with a $800,000 face value. At 1/1 of the current year the carrying value of these bonds was $854,000. (The bonds were issued in a prior year at a premium.) The bonds were issued many years ago when the market rate was 7%. The stated rate of interest on the bonds was 8%. Interest is paid annually at December 31. Company uses the effective interest rate method to amortize discounts and premiums.

1. Compute the interest paid to bondholders on 12/31 of the current year.

2. Compute the interest expense recognized on 12/31 of the current year.

3. What is the carrying value of the bonds on the balance sheet at 12/31 of the current year? Enter a number only for each question-- no punctuation of any kind. Round your final answers to the nearest dollar.