Discount-Mart issues $12 million in bonds on January 1, 2024. The bonds have a ten-year term and pay interest semiannually on June 30 and December 31 each year. Below is a partial bond amortization schedule for the bonds: Date Cash Paid Interest Expense Increase in Carrying Value Carrying Value 01/01/2024 $10,369,160 06/30/2024 $360,000 $414,766 $54,766 10,423,926 12/31/2024 360,000 416,957 56,957 10,480,883 06/30/2025 360,000 419,235 59,235 10,540,118 12/31/2025 360,000 421,605 61,605 10,601,723 What is the carrying value of the bonds as of December 31, 2025? Multiple Choice $10,601,723 $11,321,723 $10,540,118 $10,480,883

Discount-Mart issues $12 million in bonds on January 1,2024 . The bonds have a ten-year term and pay interest semiannually on June 30 and December 31 each year. Below is a partial bond amortization schedule for the bonds: What is the carrying value of the bonds as of December 31,2025? Multiple Choice $10,601,723 $11,321,723 $10,540,118 $10,480,883