Exercise 9-16A Record the early retirement of bonds issued at a discount (LO9-6)

Required Information Exercise 9-16A Record the early retirement of bonds issued at a discount (L09-6) The following information applies to the questions displayed below.) On January 1, 2021, Splash City issues $400,000 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 $367422 Exercise 9-16A Part 1 Required: 1. Using an amortization schedule, show that the bonds have a carrying value of $369.707 on December 31, 2022. (Round Interest expense to nearest whole dollar.) Date Cash Paid nterest Expense | Increase in Carrying Value Carrying Value 01/01/2021 08/30/2021 12/31/2021 08:30 2022 12312022 A