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On January 1 , 2 0 2 4 , Splash City issues $ 4 9 0 , 0 0 0 of 8 % bonds, due

On January 1,2024, Splash City issues $490,000 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 $450,092.
Required:
1. Using an amortization schedule, show that the bonds have a carrying value of $452,891 on December 31,2025.(Round your final answers to nearest whole dollar.)

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