On January 1, 2021, Splash City issues $340,000 of 6% bonds, due in 20 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 $303,696.

Required: 1. Using an amortization schedule, show that the bonds have a carrying value of $305,506 on December 31, 2022. (Round Interest expense to nearest whole dollar.)

heck my work 11 ! Required information (The following information applies to the questions displayed below.] Part 1 of 2 On January 1, 2021, Splash City issues $340,000 of 6% bonds, due in 20 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 $303,696. 7.69 points Required: eBook 1. Using an amortization schedule, show that the bonds have a carrying value of $305,506 on December 31, 2022. (Round Interest expense to nearest whole dollar.) Hint Date Cash Paid Interest Expense Increase in Carrying Value Carrying Value $ 303,696 01/01/2021 Print 06/30/2021 $ 10,200 12/31/2021 10,200 References 06/30/2022 10,200 10,200 12/31/2022