ony Hawk's Adventure (THA) issued callable bonds on January 1, 2021. THA's accountant has projected the following amortization schedule from issuance until maturity:

Date	Cash Paid			Interest Expense			Increase in Carrying Value			Carrying Value
01/01/2021										$	194,758
06/30/2021	$	7,000		$	7,790		$	790			195,548
12/31/2021		7,000			7,822			822			196,370
06/30/2022		7,000			7,855			855			197,225
12/31/2022		7,000			7,889			889			198,114
06/30/2023		7,000			7,925			925			199,039
12/31/2023		7,000			7,961			961			200,000

THA issued the bonds for:

Multiple Choice

• $200,000.

• $194,758.

• $242,000.

• Cannot be determined from the given information.