On January 1, 2024, Wildhorse Ltd. issued $560,000 of 5%, 5-year bonds. The bonds were issued to yield a market interest rate of 6%. Wildhorse's year end is December 31. On January 1, 2026, immediately after making and recording the semi-annual interest payment, Wildhorse redeemed the bonds. A partial bond amortization schedule is presented below. Semi-Annual Interest Period Interest Payment Interest Expense Amortization Carrying Amount of Bonds Jan. 1, 2024