On January 1, 2022, Aztec's America issued $1 million 10 year bonds with a stated rate of interest of 10%. The bonds pay interest semi-annualy on January 1st and July 1st. The market rate of interest is 12%. Please determine the (1) issue price of the bonds using the present value tables in the textbook; (2) the interest expense accrual at June 30, 2022; (3) the carrying value of the bonds payable at December 31, 2024.

A. 2,000,000

B. 1,770,602

C. 1,770,292

D. 1,852,798