On January 1, Year 1 Residence Company issued bonds with a $50,000 face value. The bonds were issued at 104resulting in a 4% premium. They had a 20 year term and a stated rate of interest of 7%.Based on this information, the carrying value of the bond liability on January 1, Year 6 is O $50,000 O $48,500. O $251,500 O $52,000