Or cannot be determined ?

X2 issued callable bonds on January 1, 2021. The bonds pay interest annually on December 31 each year. X2's accountant has projected the following amortization schedule from issuance until maturity: Interest Expense Decrease in Carrying Value Cash Paid Date 01/01/2021 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025 $19,600 19,600 19,600 19,600 19,600 $17,508 17,382 17,249 17,108 16,958 $ 2,092 2,218 2,351 2,492 2,642 Carrying Value $ 291,795 289,702 287,484 285, 133 282,642 280,000 X2 issued the bonds at: Multiple Choice 0 Face amount A premium. A discount