Multiple Choice

A $14,583,570.

B $16,258,584.

C $14,658,584.

D $14,512,802.

ANSWER QUICK PLEASE

Discount-Mart issues $16 million in bonds on January 1, 2021. The bonds have a eight-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 $800,000 800,000 800,000 800,000 $862,983 866,762 870,768 875,014 $62,983 66,762 70,768 75,014 Carrying Value $14,383,057 14,446,040 14,512,802 14,583,570 14,658,584 What is the carrying value of the bonds as of December 31, 2022? Multiple Choice $14,583,570. $16,258,584. $14,658,584