Exercise 9-17A Record the early retirement of bonds issued at a premium (LO9-6) [The following information applies to the questions displayed below.) On January 1, 2021, White Water issues $520,000 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 7% and the bonds issued at $567,819. Exercise 9-17A Part 1 Required: 1. Using an amortization schedule, show that the bonds have a carrying value of $561,752 on December 31, 2023. (Round your Interest expense to the nearest whole dollar.) Date Cash Paid Interest Expense Decrease in Carrying Value Carrying Value 01/01/2021 06/30/2021 12/31/2021 06/30/2022 12/31/2022 06/30/2023 12/31/2023 Required information Exercise 9-17A Record the early retirement of bonds issued at a premium (LO9-6) The following information applies to the questions displayed below.] On January 1, 2021, White Water issues $520,000 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 7% and the bonds issued at $567,819. Exercise 9-17A Part 2 2. If the market interest rate increases to 9% on December 31, 2023, it will cost $482,312 to retire the bonds. Record the retirement of the bonds on December 31, 2023. (If no entry is required for a particular transaction/event, select "No Journal Entry Required in the first account field. Round your intermediate and final answers to the nearest whole dollar.) View transaction list Journal entry worksheet Record the retirement of the bonds