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On January 1, 2024, Paradise Hollow Resort issues $39 million of bonds that pay interest semiannually on June 30 and December 31. Portions of the

On January 1, 2024, Paradise Hollow Resort issues $39 million of bonds that pay interest semiannually on June 30 and December 31. Portions of the bond amortization schedule appear below: (1) Date (2) Cash Paid for Interest (3) Interest Expense (4) Increase in Carrying Value (5) Carrying Value 1/1/2024 $36,463,452 6/30/2024 $1,560,000 $1,640,855 $80,855 36,544,307 12/31/2024 1,560,000 1,644,494 84,494 36,628,801

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