Period Ended 01/01/21 12/31/21 S 12/31/22 12/31/23 Interest Expense Changes During the Period Cash Paid $ 24,541 24,725 24,956 18,900 18,900 18,900 $ Discount Amortized 5,601 5,825 6,056 $ Bonds Payable 630,000 630,000 630,000 630,000 Ending Bond Liability Balances Discount on Bonds Payable $ 17,481 11,880 6,055 0 $ Carrying Value 612,519 618,120 623,945 630,000