Discount-Mart issues $18 million in bonds on January 1, 2021. The bonds have a seven- year term and pay interest semiannually on June 30 and December 31 each year. Below is a partial bond amortization schedule for the bonds: Interest Expense Increase in Carrying Value Cash Paid Date 01/01/2021 06/30/2021 12/31/2021 06/30/2022 12/31/2022 $ 720,000 720,000 720,000 720,000 $810,912 815, 458 820,231 825, 242 $ 90,912 95,458 100,231 105, 242 Carrying Value $ 16,218, 244 16,309, 156 16,404,614 16,504,845 16,610,087 What is the carrying value of the bonds as of December 31, 2022? Multiple Choice $18,050,087. $16,504,845 $16,610,087 $16,404,614