need help on part E

Wildhorse Pet Supply Company issued $470,000 of 8%,10-year bonds at 103 . Interest is paid annually, and the straight-line method is used for amortization. Assume that the market rate for similar investments is 7%. The bonds are issued on the date of the bonds. (a) What amount was received for the bonds? How much interest is paid each interest period? Interest paid Your answer is correct. How much interest expense is recorded on the first interest date? Interest expense \$ eTextbook and Media Attempts: 10 Your answer is incorrect. What is the carrying value of the bonds after the first interest date? Carrying value eTextbook and Media